Mumbai, October 29, 2026 (Yes Punjab News)
The Central Bureau of Investigation (CBI) on Thursday conducted searches at multiple locations in Pune in connection with an alleged bank fraud case involving Aaj Ka Anand Papers Pvt Ltd, according to an official statement.
The agency recently registered a case against the company, its directors and unidentified public servants based on a complaint filed by the State Bank of India (SBI), Mumbai.
The complaint alleges criminal conspiracy, cheating, criminal breach of trust and manipulation of accounts, resulting in an alleged wrongful loss of Rs 81.66 crore to the bank.
According to the CBI, the accused allegedly suppressed and misappropriated business revenues, altered and falsified books of accounts and electronic records, and diverted funds in violation of lending conditions.
Investigators suspect that substantial amounts were routed through current accounts maintained outside designated banking channels without obtaining the consent of the consortium lenders.
The agency said the alleged diversion of funds and unauthorised transactions constituted cheating, criminal breach of trust, misappropriation and criminal conspiracy, causing significant financial loss to SBI.
As part of the ongoing investigation, CBI teams searched several premises linked to the company and its directors. The searches covered both office establishments and residential properties associated with the accused.
During the operation, investigators recovered documents and digital evidence believed to be relevant to the case. The seized material is being examined to determine the full extent of the alleged fraud, including the suspected diversion and misappropriation of funds, as well as the possible involvement of other individuals in the alleged conspiracy.
The CBI said the evidence collected during the searches would help investigators trace the flow of funds and establish whether banking norms and the lending conditions imposed by financial institutions had been violated.
Further investigation into the case is underway, the agency added.
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