India, June 15 -- The Central Bureau of Investigation (CBI) on Saturday raided five locations in Uttar Pradesh's Gautam Budh Nagar and Ghaziabad in connection with a case of alleged bank fraud involving over Rs.126 crore. The case pertains to Noida-based construction firm Supertech Limited and its promoters and directors, who allegedly caused a wrongful loss of Rs.126.07 crore to IDBI Bank Ltd, officials said.

According to a CBI press release, search operations were conducted at the official and residential premises of the company's top executives. The raids led to the recovery of incriminating documents and Rs.28.5 lakh in cash from one of the director's premises, the agency said. The searches were ongoing at the time of the statement, ...