Hyderabad, July 15 -- The Central Bureau of Investigation (CBI) on Wednesday conducted coordinated searches across four states in connection with an alleged bank fraud case involving over Rs 47.37 crore against M/s Jupiter Bio Sciences Limited, its Managing Director, directors, unknown public servants and private persons.
According to the CBI statement, the case was registered on June 29, 2026, based on a complaint by UCO Bank, Hyderabad, following directions issued by the Telangana High Court on March 5 and April 24, 2026, in connection with a writ petition filed by the bank and a review petition filed by the CBI.
The agency alleged that the accused defrauded the bank by submitting fake and fabricated proforma invoices and inflated valua...