Packaging company

Rave Scans Pvt Ltd, a Delhi-based packaging company has been booked by the CBI for allegedly defrauding a consortium of banks amounting to Rs 69.33 crore. CBI conducted searches in the company's premises. According to a written complaint filed by Chief Regional Manager of Indian Overseas Bank, New Delhi, the company borrowed loans during 2011-2016, with an intention to cheat the banks.