The Central Bureau of Investigation (CBI) today conducted search operations in connection with two bank fraud cases of over 231 crore rupees. The searches were conducted at several locations in Maharashtra and Gujarat. One case was registered against R L Jewels Limited, its directors and unknown public servants, based on the complaint of State Bank of India, Mumbai. The complaint alleged offences including criminal conspiracy, cheating, misappropriation of property, and forgery.

The second case was registered based on the complaint of Canara Bank against Ashapura Garments Limited, its directors and Unknown private person. The accused allegedly siphoned and diverted bank credit facilities intended for their textile operations into non-industry transactions. During the searches, incriminating documents and digital evidence were recovered, including records relating to diversion of funds and other material relevant to the investigation.