New Delhi, Jun 17 (IANS): The Central Bureau of Investigation (CBI) on Wednesday said that it has registered a case against an Indore-based firm and its directors and others for defrauding State Bank of India to the tune of Rs 180.15 crore.

A CBI official here said that the agency registered a case against Indison Agro Foods Pvt Ltd, its directors Vijay Kumar Jain, Mahendra Kumar Jain and Devraj Jain and unknown public servants on a complaint from SBI for cheating and defrauding the bank to the tune of Rs. 180.15 crore.

The CBI also conducted searches at nine locations, including eight locations in Indore and one location in Rajasthan's Jodhpur at the premises of the accused and recovered incriminating documents.

The CBI said that it was alleged that Indison Agro Foods Pvt Ltd was engaged in import, processing and trading of different pulses including export to European and Middle East countries. The agency said that the company started its operation in the year 2003.

It was further alleged that the company was sanctioned credit facilities in 2013 by consortium of banks formed with Allahabad Bank, IDBI Bank and e-SB of Patiala led by SBI, it said. It was also alleged that the CC account turned irregular since 2014. The account was declared NPA in 2015.