NEW DELHI, May 12 : The Central Bureau of Investigation conducted searches at multiple locations in connection with an ongoing probe into alleged financial irregularities involving corporate entities and diversion of bank funds.
Officials said teams carried out coordinated searches at residential and office premises associated with company directors and intermediaries suspected of involvement in the case.
The investigation focuses on alleged misuse of loans obtained from financial institutions and possible diversion of funds through shell companies and related transactions.
Sources said investigators are examining financial documents, electronic records and banking transactions as part of the inquiry.
The agency registered multiple cases after receiving complaints regarding suspected violations