The Central Bureau of Investigation (CBI) conducted raids at various places in south Kolkata related to a multi-crore financial fraud case. The search, which started in the morning, involved checking the home and office of a businessman in Alipore and then moving to another location in the same area.
Sources from the CBI revealed that the searches are part of an investigation into a significant bank fraud case. The agency initially visited a residential building on New Road in Alipore before proceeding to a house on Alipore Avenue. The search operation extends to multiple other locations across Kolkata.
Involving multiple central agencies, including the Enforcement Directorate (ED), the financial fraud case has been under scrutiny for several years. Allegations suggest that a substantial sum, around Rs 1,000 crore, was obtained fraudulently from a state-owned bank between 2014 and 2020 in multiple installments.
The case, which involves two businessmen, two companies, and an unidentified government employee, has led to legal action under Section 120(B) of the IPC and the Prevention of Corruption Act. The ongoing raids and searches are part of the CBI’s efforts in connection with this case, with no arrests made so far.
