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CBI begins probe into LCs fraud at Servomax India

CBI begins probe into LCs fraud at Servomax India

HYDERABAD: Central Bureau of Investigation ( CBI) has initiated probe into what is being touted the largest fraud involving letters of credit (LCs) in medium, small and micro enterprises ( MSME) sector allegedly perpetrated by promoters of Servomax India Pvt Ltd (SIPL), a producer of voltage stabilisers. The investigating agency has filed a

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