The Central Bureau of Investigation (CBI) has registered a case over an alleged Rs 93.44 crore bank loan fraud involving officials of Hanjer Biotech Energies. The case was registered on a complaint from Punjab National Bank (PNB). The CBI also carried out searches at several locations in Mumbai on Saturday.Key HighlightsCBI registered a Rs 93.44 crore bank fraud case.Hanjer Biotech Energies officials have been named in the case.Punjab National Bank filed the complaint.CBI searched multiple premises in Mumbai.What Is the Case About?The Hanjer Biotech Energies loan fraud case relates to an alleged loss of Rs 93.44 crore to the bank. The CBI registered the case after receiving a complaint from Punjab National Bank.The central agency has named officials of the Mumbai-based firm in connection with the alleged financial irregularities.The case is now under investigation. The CBI will examine the company's financial records and other documents to understand how the alleged fraud took place.CBI Conducts SearchesThe CBI conducted searches at multiple premises in Mumbai on Saturday, October 3.During such searches, investigators examine documents and other material that may help establish the facts of a case. The agency is expected to study financial records connected with the bank loans and transactions.The searches are part of the investigation into the complaint made by Punjab National Bank.“The CBI registered a case on the complaint of Punjab National Bank,” an official said, according to the report.Role of Punjab National BankPunjab National Bank is the complainant in the case. The bank approached the CBI over the alleged financial loss linked to the loan account.The amount involved in the case is Rs 93.44 crore. The investigation will look at the loan process, use of funds and transactions linked to the company.Investigation UnderwayThe Central Bureau of Investigation will now examine the available evidence. Investigators may also question people connected with the company and the loan transactions.At this stage, the allegations remain part of an ongoing investigation. Registration of a CBI case does not by itself establish guilt.The agency's investigation will determine the facts of the alleged bank fraud and the responsibility of the people named in the case.The searches in Mumbai mark an early step in the probe. Further action will depend on the evidence collected by the CBI during the investigation.Also Read : CBI Court Former LIC Assistant Gets 10 Years RI in Rs 6.37 Crore Fraud Case
