CBI raids multiple locations in Kolkata over Rs 1,000 crore bank fraud

The CBI is conducting searches across Kolkata. This is part of a probe into a massive bank fraud totaling around Rs 1,000 crore. The investigation focuses on a Kolkata-based finance company and its promoters. Funds were allegedly siphoned off between 2014 and 2020. The company is accused of defaulting on loans from a public sector bank and others.