CBI Conducts Searches in Kolkata in Bank Fraud Investigation Involving Mining Company

On January 15, 2026, the CBI conducted coordinated searches at multiple locations in Kolkata, including the residence of a businessman in New Alipore and premises in New Town, as part of an investigation into a bank fraud case. Five teams participated, supported by central forces to prevent disruptions. The probe focuses on tracing the flow and use of funds linked to alleged financial irregularities involving a mining company accused of causing a loss of ₹7.25 crore to UCO Bank. The case follows complaints from UCO Bank and involves company promoters and directors.