In the biggest coordinated search conducted this year, the CBI on Tuesday raided 190 locations across the country in connection with multiple alleged bank frauds to the tune of Rs 7,000 crore.
The agency conducted the searches across 16 states and Union Territories after registering 42 FIRs. More than 1,000 officers drawn from various branches of the agency were involved in the searches, sources said.
The CBI said in at least four cases, the siphoned off funds are more than Rs 1000 crore. Most searches were reported from Maharashtra (58 locations) followed by Punjab (32), officials said.
Twelve locations were searched in Delhi, 17 each in Tamil Nadu and Madhya Pradesh, 15 in Uttar Pradesh, five each in Gujarat, Haryana and Andhra Pradesh, four each in Kerala, Telangana and Dadra and Nagar Haveli, six in Karnataka, and two each in Uttarakhand, West Bengal and Chandigarh.
Among major cases, the CBI has booked promoters and directors of Advantage Overseas Pvt Ltd Shrikant Bhasi, Dinesh Arkot Selvaraj, Manish Kumar Singh, Gagan Sharma and Jijo John for allegedly cheating State Bank of India, Bhopal, by falsifying records to avail credit facilities of Rs 6,000 crore. The company involved in bulk trading of agro commodities defaulted on payments causes losses worth Rs 1,266 crore to the bank, officials said.
A separate case has been registered against Energo Engineering Projects Ltd and its directors — Sujit Das, Dinesh Singh and Jaya Singh — for availing credit facilities to the tune of Rs 1,290 crore, allegedly on forged documents. Subsequent payment defaults from the company caused a loss of Rs 1,266 crore to the bank, CBI officials said.
Chennai-based Surana Industries and its directors — Dinesh Chand Surana, Shanti Lal Surana, Gautham Lal Surana, Vijayraj Surana — and others have been named in an FIR for allegedly causing a loss of Rs 1,083 crore to a consortium of 12 banks led by IDBI, according to officials.