LUCKNOW, June 14 -- The Central Bureau of Investigation carried out raids at five official and residential premises of a private company and its promoters and directors in Uttar Pradesh's Gautam Buddh Nagar, commonly known as Noida, and the Ghaziabad area on Saturday, in a case related to fraud for causing a wrongful loss of Rs.126.07 crore to IDBI Bank Limited, CBI officials said in a press note shared with the media.
Incriminating documents and Rs. 28.50 lakh cash were recovered during searches on the premises of one of the directors of the company, the officials said. The searches were still in progress and more seizures were likely, the officials added.
Earlier, the CBI had registered a case, based on a written complaint from IDBI B...
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