![Madhya Pradesh based oil firm charged for a bank loan fraud](https://cdn.energydais.com/media/images/news/CBI_Headquaters_Delhi.jpg)
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FIR has been registered by the CBI against the officials of KS Oils Ltd, a Madhya Pradesh based company in an alleged Rs 938 crore bank loan scam. Searches were conducted on Saturday in Morena and Delhi at the premises of the firm. K S Oils Ltd has manufacturing plants in Morena, Ratlam and Guna in Madhya Pradesh, Kota in Rajasthan and a port-based refinery in Haldia, West Bengal.