CBI booked Ex-Maruti MD Jagdish Khattar for Rs 110 crore bank loan fraud

New Delhi,24/12: The Central Bureau of Investigation (CBI)  has booked Ex-Maruti MD Jagdish Khattar in connection with a Rs 110 crore bank loan fraud.

CBI officials have filed an FIR in the case, where it has named Khattar and his company Carnation Auto India Limited for allegedly causing losses of Rs 110 crore to Punjab National Bank (PNB).

Khattar was with Maruti Udyog Limited from 1993 to 2007 when he retired as managing director of the company, CBI officials said.