Chandigarh, July 24 -- The Central Bureau of Investigation (CBI) on Thursday conducted searches at five locations in Chandigarh and Ludhiana as part of its ongoing investigation into the alleged misappropriation of funds from the bank accounts of Chandigarh Smart City Limited (CSCL) and the municipal corporation.

According to the CBI, the raids were carried out at residential premises and business establishments of suspected beneficiaries of the defrauded funds, the premises of a public servant, identified as Anubhav Mishra, an outsourced account of MC, and private entities linked to the investigation.

During the searches, investigators seized several incriminating documents and articles, including digital storage drives, digital signat...