CBI conducts searches in various parts of Kolkata in bank fraud case

CBI officers on Thursday conducted searches at different places in Kolkata in connection with a bank fraud case, officials said.

The searches were being conducted at the residence of a businessman in the city's New Alipore area, and in New Town near the city, among other places, they said.

Five teams of the agency were carrying out searches on the fifth floor of a multi-storeyed residential complex located at Plot No 28 in New Alipore area of the metropolis, besides the New Town raid.

"The coordinated operation aims to gather documentary evidence and other materials relevant to the investigation," an officer said.

The primary objective is to trace the flow and end-use of the funds allegedly involved in the financial fraud, he said.

A large number of central forces’ personnel are accompanying the CBI officers to ensure that there is no disruption in the operation, he said.

The searches were initiated after receiving specific inputs related to the case, the officer said.

"Allegations of fraud and cheating have been raised in connection with the procurement of a 2016 loan. A case was registered in this matter in 2023," he added.