The CBI carried out raids at multiple locations across Kolkata on Thursday morning in connection with an alleged bank fraud involving nearly ₹1,000 crore. The searches are part of an ongoing probe into a complaint filed by UCO Bank.
According to CBI sources, the primary focus of the operation is the Alipore area. Teams from the central agency conducted simultaneous searches at offices and residences linked to Sunil Kanoria and Hemant Kanoria, owners of a company named Shreyee. Raids were reported at two locations on New Road and Alipore Avenue in Alipore, while searches were also carried out in several other parts of the city.
Investigators reportedly first visited a residence and office of a businessman on New Road in Alipore but found the premises locked. The team then moved to another address on Alipore Avenue. CBI sources said that the prime accused, Sunil Kanoria, has not yet been located at either site.
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The case dates back several years. As per the allegations, between 2014 and 2020, large amounts of money were taken as loans from the nationalised bank and subsequently misappropriated. Initially, loans worth around ₹730 crore were allegedly availed, followed by an additional ₹260 crore, taking the total alleged fraud amount to approximately ₹1,000 crore.
The financial irregularities had earlier drawn the attention of multiple central agencies. The Enforcement Directorate (ED) had also investigated the matter, and the issue was taken up in court. Following directions from the Calcutta High Court, the CBI later initiated a comprehensive investigation into the case.
CBI sources further stated that the case involves the names of two businessmen, two companies, and one unidentified government employee. Searches and investigations are ongoing, and further details are expected to emerge as the probe progresses.
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