The CBI is conducting searches in four states in the ₹1,109 crore bank fraud case

New Delhi: Central Bureau of Investigation (CBI) logo at the CBI headquarters, in New Delhi, Thursday, June 20, 2019. (PTI Photo/Ravi Choudhary)(PTI6_20_2019_000058B) | Photo credit: Ravi Choudhary

The Central Bureau of Investigation (CBI) has conducted searches at six locations in West Bengal, Odisha, Tamil Nadu and Uttarakhand in connection with the ₹1,109 crore bank fraud case.

The case relates to alleged cheating by the accused company Gupta Power Infrastructure Ltd. According to the agency, it has received various fund and non-fund funds from Canara Bank.

“The accused allegedly manipulated stock values ​​and inflated trade receivables, falsified the company’s financial statements to obtain enhanced credit facilities, siphoned and diverted credit facilities, and resorted to evergreening of accounts, thereby causing the bank an unjustified loss,” the agency said.

The searches were conducted at the residential premises of the four accused directors of Gupta Power Infrastructure Ltd., in Odisha’s Bhubaneswar, with the company’s headquarters in Kolkata, West Bengal, and its three manufacturing units at Kashipur of Udham Singh Nagar in Uttarakhand, Tiruvallur, Tamil Nadu and Bhubaneswar.

Published – 19 Jul 2026 22:27 IST