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CBI books Future Retail, Kishore Biyani, others in ₹904 crore bank fraud case; searches conducted in Mumbai

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CBI books Future Retail, Kishore Biyani, others in ₹904 crore bank fraud case; searches conducted in Mumbai — Photo credit: The Hindu

Kishore Biyani. File | Photo Credit: REUTERS

The Central Bureau of Investigation (CBI) has registered a case against Future Retail Limited, its promoters Kishore Biyani and Rakesh Biyani, and several others for allegedly defrauding the State Bank of India (SBI) of ₹904.32 crore. The agency also conducted searches at multiple premises linked to the company’s promoters and directors in Mumbai on Friday (November 6, 2026), and seized documents relevant to the investigation.

The case was registered following a complaint filed by SBI’s Stressed Assets Management Branch-III in Mumbai. The FIR also names the company’s managing director, executive directors, guarantors, unidentified public servants and other individuals.

Originally published by The Hindu on Nov 6, 2026 Read the full article at thehindu.com

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CBI books Future Retail, Kishore Biyani, others in ₹904 crore bank fraud case; searches conducted in Mumbai

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