Mumbai, October 3 (Daily Kiran) : The Central Bureau of Investigation (CBI) has filed a case against a Mumbai-based company for an alleged bank fraud amounting to ₹93.44 crore. In conjunction with this, the agency conducted searches at several locations associated with the firm.
The investigation centers on Hanzar Biotech Energies Private Limited and its directors. According to an official statement from the CBI, the case was initiated following a complaint from Punjab National Bank’s SAM Branch in Mumbai on September 30. The case includes charges of criminal conspiracy and violations under the Prevention of Corruption Act against the company, its directors, guarantors, and unidentified government and private individuals.
The complaint alleges that the bank suffered a significant loss of approximately ₹93.44 crore due to the actions of the accused. It is claimed that the defendants orchestrated a scheme to secure a term loan of ₹135 crore based on invoices from a related party, misusing the funds for unauthorized purposes, leading to financial harm to the bank.
During the searches, CBI officials recovered and seized essential bank documents and property records linked to the investigation. The agency continues to probe the extent of the alleged conspiracy, aiming to identify the roles of all individuals involved, including government employees and private persons, as well as to trace the ultimate use of the loan funds.
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