The CBI has booked materials significant S Kumars Nationwide Limited (SKNL) and 14 others including its advertisers and chiefs for a supposed bank misrepresentation worth Rs 1,245 crore, authorities said Wednesday.

Following enlistment of the FIR, the focal office on Wednesday looked through 13 areas in Maharashtra, Gujarat and West Bengal connected to the charged and recuperated “implicating records”, CBI Spokesperson RC Joshi said.

He said the organization was occupied with the matter of assembling high-esteem fine cotton textures and home materials.

The organization had benefited credit from a consortium of banks drove by IDBI bank.

Joshi said advertisers/heads of the organization were reserved for supposedly “abusing/redirecting the bank assets during the period 2012 to 2018” which brought about loss of about Rs 1,245.15 crore to the banks.

“The protest was documented by the IDBI Bank Ltd. and furthermore for the benefit of four other part banks of the consortium, in particular, Central Bank of India, The Jammu and Kashmir Bank Ltd., Punjab National Bank and Indian Bank,” he said.