CBI raids 3 locations in Delhi, Noida over Rs 190 cr bank loan fraud case

"Searches have been conducted today at two places in Noida (UP) and one place in Delhi which led to recovery of incriminating documents/material," RK Gaur said

The CBI Friday conducted searches at three locations in Delhi and Noida in connection with an alleged bank loan fraud of Rs 190 crore, officials said.

The agency conducted searches after registering an FIR against Shri Sidhdata Ispat Pvt. Ltd., Govardhan Industries Pvt. Ltd., Shri Sidhdata Steel Tubes, Sudershan Tubes and others on a complaint by Bank of Baroda, they said.

"It was alleged in the complaint that the accused cheated Bank of Baroda to the tune of Rs.190.76 crore (excluding interest) by way of availing various credit facilities, on the basis of submitting fake documents to the bank...," CBI