New Delhi : The CBI has filed a charge sheet against A C Muthiah, an industrialist and cricket administrator, for allegedly cheating Syndicate Bank to the tune of Rs 102.87 crore, officials said on Friday.
The promoters of First Leasing Company of India (FLCI) Muthiah, then chairman, and Farouk Irani, then managing director, have been charged by the agency with criminal conspiracy, cheating, forgery and destruction of evidence in the document filed before a Chennai special court, they said.
“It was alleged that the said Chennai-based company (a public limited non-banking financial company) was banking with Syndicate Bank, Corporate Finance Branch, Chennai since 2004.
He said the company allegedly siphoned off the funds for extraneous uses and caused wrongful loss of Rs. 102.87 crore (approx.) to the bank.