New Delhi, June 19 -- The Central Bureau of Investigation (CBI) has conducted searches on Wednesday, at 8 locations in Kolkata, West Bengal, in connection with three separate cases registered against Tantia Construction Ltd., Brahm Alloys Ltd. and Amrit Feeds Ltd.

According to the release, in the Tantia Construction Ltd. case, the searches were conducted at the residential premises of the Directors of the Company. The searches have resulted in the seizure of incriminating documents, and the investigation is continuing.

The case pertains to defrauding Punjab National Bank (PNB) to the tune of Rs.73 crore in the matter related to Cash Credit and Term Loan facilities availed from the Bank. The accused resorted to fraudulent means to divert...