Despite the stringent rules by the Central Government and the Reserve Bank of India (RBI), cases of fraud from banks are not decreasing. Another fraud case has come to light with the country’s largest bank SBI. The CBI has filed an FIR against the Delhi-based company Apple Natural Resources Limited and its directors in the case of the State Bank of India not repaying the debt of Rs 200 crore. The officials gave this information on Thursday.

He said that the State Bank alleged that the company, which traded iron ore through three mines on leases in the name of its subsidiaries in Kadapa in Andhra Pradesh, was allegedly not repaying its debt of more than Rs 200 crore. The bank is at a loss.

The officer said the CBI also named the company’s chief executive officer (CEO) Ashish Garg and directors Ankit Garg and N Jain in the FIR lodged against the company under various sections of the criminal conspiracy, fraud, forgery and anti-corruption act.