The Central Bureau of Investigation (CBI) on Thursday conducted searches at premises linked to the directors of Aaj Ka Anand Papers Pvt Ltd in Pune in connection with an alleged bank fraud case involving ₹81.66 crore, the agency said in a statement.
The searches followed the registration of an FIR against Aaj Ka Anand Papers Pvt Ltd, its directors and unidentified public servants based on a complaint filed by the State Bank of India (SBI), Mumbai.
The complaint alleges criminal conspiracy, cheating, criminal breach of trust and manipulation of accounts, resulting in a wrongful loss of ₹81.66 crore to the bank.
According to the CBI, the accused allegedly suppressed or misappropriated business revenue and altered or falsified books of accounts and electronic records.
The agency is investigating the allegations in the case. The allegations are yet to be established through judicial proceedings.
