CBI vs Hanjer Biotech and others — Exim Bank fraud case

Timeline

4 Nov 2026News

CBI files FIR in $10 mn 'fraud' in Exim Bank involving UK-based company

The Central Bureau of Investigation has registered a case involving a USD 10 million fraud. This fraud is related to India Exim Bank and a UK-based company named Hanjer Biotech. Officials allege that the company diverted funds after requesting a loan for a recycling project. The loan was approved in 2012 but classified as a non-performing asset in 2014. The entire amount was reportedly siphoned off, leading to the investigation.

The Economic Times

Explanation in simple terms

What:: The Central Bureau of Investigation has officially registered a criminal case regarding an alleged fraud.
Who:: The Central Bureau of Investigation is the agency, Exim Bank is the lender, and Hanjer Biotech is the company accused of the fraud.
When:: The investigation was reported on 4 Nov 2026.
Where:: The Central Bureau of Investigation is based in Delhi.
Why:: Officials allege the company took a loan for a recycling project but instead diverted and siphoned off the money.
What it means:: The agency has now formally started a criminal investigation into the company.

4 Nov 2026News

CBI files FIR in $10 mn ‘fraud’ in Exim Bank involving UK-based company

Stay updated with ThePrint: Preferred Source Google Discover New Delhi, Nov 4 (PTI) The CBI has registered a case over an alleged USD 10 million fraud in India Exim Bank involving a UK-based company, its erstwhile directors and associates, officials said on Wednesday.

The Print

Explanation in simple terms

What:: The Central Bureau of Investigation registered a criminal case regarding an alleged fraud.
Who:: The Central Bureau of Investigation is the agency, and Hanjer Biotech, its former directors, and associates are the accused.
When:: Reported on 4 Nov 2026.
Where:: New Delhi.
Why:: They are accused of committing a fraud involving ten million dollars against the India Exim Bank.
What it means:: The agency has officially started a formal investigation into the alleged financial crime.

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CBI vs Hanjer Biotech and others — Exim Bank fraud case

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CBI files FIR in $10 mn 'fraud' in Exim Bank involving UK-based company

CBI files FIR in $10 mn ‘fraud’ in Exim Bank involving UK-based company

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