The Central Bureau of Investigation (CBI) on Tuesday (August 12, 2025) conducted searches at six locations in Tamil Nadu including Tenkasi, Chennai, and Tiruchirapalli in connection with a case registered at CBI, BSFB (Bank Security & Fraud Branch), Bengaluru on the directions of the Madras High Court.
The case was registered on the basis of a complaint from Indian Overseas Bank, Chennai, alleging that a Kancheepuram-based company, along with its associated entities and unknown public servants, committed offences of criminal conspiracy, cheating, criminal breach of trust, misappropriation of property and forgery, causing a wrongful loss of ₹120.84 crore to the Indian Overseas Bank.
