CBI Conducts Searches in T.N. in connection with bank fraud case of over ₹120 Cr

The Central Investigation Office (CBI) searched on Tuesday, August 12, 2025 in six places in Tamil Nadu, including criticism, Chennai and Tiruchirapalli, BSFB (Bank Security and Fraud Branch), Bengaluru in connection with Bengaluru.

The case was recorded on the basis of a complaint from Indian Bank Chennai, claiming that a Kancheepuram -based company, along with the relevant organizations and unknown public officials, committed crimes with criminal conspiracy, cheating, criminal abuse, abuse of property, abuse of property, and the Indian Bank Chennai.

The allegations of the FIR are the fraudulent use of various loan facilities from the Indian Obselli Bank, the abuse of property, the deviation of bank funds to sister concerns and indifferent organizations, the siphoning of funds to the relevant parties, interest -free progress to private companies and the devil period. It is suspected that the company and associated organizations are also transferred to the shell. Benami Concerns to hide the expiry of the borrowed amounts.

The searches were carried out at six locations and the facilities were covered, as well as housing properties affiliated to the defendant company, as well as the investigation, including other materials related to the CBI, including the business organizations with suspicious operations, as well as business organizations with suspicious operations with suspicious operations.

More research continues.