In an operation targeting economic offenders, the CBI conducted searches at six locations across West Bengal, Odisha, Tamil Nadu, and Uttarakhand. The searches were related to a Rs 1,100 crore bank fraud case involving Gupta Power Infrastructure Ltd in Odisha. The raids were authorized by the Special Judge, CBI, Bhubaneswar, Odisha.
The searches covered various premises, including the residential locations of four accused directors of Gupta Power Infrastructure in Bhubaneswar, Odisha. Additionally, the raids targeted the company’s registered office in Kolkata, West Bengal, and its manufacturing units in Kashipur, Uttarakhand, and Tiruvallur, Tamil Nadu. The case revolves around allegations of defrauding Canara Bank of Rs 1,109 crore through fraudulent financial activities by the accused company.
The bank fraud involved manipulation of stock values, inflating trade receivables, falsifying financial statements, and misappropriating loan funds. The accused also engaged in evergreening of accounts, leading to significant losses for the bank. In a separate incident, the CBI arrested a man for impersonating an official from the Department of Animal Husbandry and Dairying, demanding bribes from loan applicants. The accused, Prabhu Dayal, was apprehended in Agra for attempting to extort money from a poultry farm owner in Uttarakhand.
