The Central Bureau of Investigation (CBI) on Friday carried out searches at two premises in NCR-Delhi in connection with a bank fraud involving over Rs 190 crore, officials said.
A senior CBI official said that the agency had registered a case on the complaint of a Bank of Baroda branch here against Shri Sidhdata Ispat Pvt Ltd, Govardhan Industries Pvt Ltd, Shri Sidhdata Steel Tubes, Sudershan Tubes, and others.
The agency had also booked Suresh Kumar, Rajesh Kumar, Pradeep Kumar, Om Prakash Gupta, and Rajat Gupta in the case.
The official said that the complainant bank alleged that the accused cheated it to the tune of Rs 190.76 crore (excluding interest) by availing credit facilities on the basis of fake documents and diverting the funds fraudulently for purposes other than those for which the money was sanctioned.
After registering the case, the agency officials carried out searches at one premises in Uttar Pradesh’s Noida and one in Delhi which led to seizure of incriminating documents and material.