📷 Image: Wikimedia Commons / Prime Minister's Office
Crime
CBI Raids Hyderabad and Odisha Premises in Rs 48 Crore Loan Fraud Case
✍️ orissapost.com
🗓 20 Sep 2026, 01:38 AM
👁 8
The Central Bureau of Investigation conducted searches at premises linked to officials of two companies in Hyderabad and Odisha in connection with an alleged Rs 48 crore loan fraud.
The Central Bureau of Investigation has launched search operations at multiple premises linked to officials of two companies across Hyderabad and Odisha. The action is part of an ongoing probe into an alleged loan fraud amounting to Rs 48 crore.
According to officials familiar with the matter, the raids were carried out to gather evidence related to suspected financial irregularities and misuse of borrowed funds. The companies under scrutiny are accused of allegedly obtaining loans through fraudulent means.
The CBI's coordinated searches spanned locations in both Telangana and Odisha, targeting properties associated with the accused officials. The investigation aims to uncover the full extent of the alleged fraud and identify all individuals involved in the suspected wrongdoing.
Authorities have seized relevant documents and digital records during the searches to support the investigation. The agency is expected to examine the recovered material as part of its efforts to build a strong case against those responsible for the alleged financial misconduct.
According to officials familiar with the matter, the raids were carried out to gather evidence related to suspected financial irregularities and misuse of borrowed funds. The companies under scrutiny are accused of allegedly obtaining loans through fraudulent means.
The CBI's coordinated searches spanned locations in both Telangana and Odisha, targeting properties associated with the accused officials. The investigation aims to uncover the full extent of the alleged fraud and identify all individuals involved in the suspected wrongdoing.
Authorities have seized relevant documents and digital records during the searches to support the investigation. The agency is expected to examine the recovered material as part of its efforts to build a strong case against those responsible for the alleged financial misconduct.