The Central Bureau of Investigation (CBI) has lodged a case against accused persons belonging to a private firm and a nationalised bank for allegedly orchetrating a Rs 800-crore fraud.
The firm's officials had allegedly taken loans worth Rs 800 crore from the bank for their drivers, but siphoned off the money without their knowledge. The agency will verify the role of the bank's officials for possible role in the fraud.
In conmection with the case, searches were conducted on Thursday night at seven offices and three residences in Maharashtra and Gujarat. The loan was taken as part if the 'Driver to Owner' scheme, said a CBI spokesperson.