The Central Bureau of Investigation (CBI) has registered a case against a private company based in Mumbai and others including its directors and others on a complaint from Bank of Baroda on the allegations of bank fraud of Rs. 4957.31 crore to the consortium of 17 banks.

The accused named in the FIR have been identified as M/s Pratibha Industries Limited, Mumbai; Ajit Bhagwan Kulkarni, Ravi Kulkarni, Sunanda Datta Kulkarni, Sharad Prabhakar Deshpande, alll are director and guarantors in the company.