The CBI on Friday carried out searches at 5 areas in Delhi after registering an FIR in opposition to Delhi-based packaging firm Rave Scans Pvt Ltd for allegedly defrauding a consortium of banks to the tune of Rs 69.33 crore, officers stated Friday.

The CBI acted on a grievance from Indian Abroad Financial institution alleging severe manipulation within the funds of the corporate. This included diversion of funds, fabrication of account books and forgery in account books to defraud the banks throughout 2011-16, the officers stated.

Following the FIR, the CBI carried out the searches on Friday on the premises of the accused former administrators of the corporate throughout Delhi, they stated.

The financial institution alleged that the corporate and its administrators — Rakesh Bhatnagar, Bhavnesh Kumar Kanwar, Premnath Arora and Anuradha Bhatnagar — resorted to numerous fraudulent actions inflicting wrongful lack of Rs 69.33 crore to banks and corresponding wrongful acquire to themselves.

The company has booked the accused below the costs of felony conspiracy, dishonest and provisions of Prevention of Corruption Act, officers stated.
 

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