CBI has conducted searches at 32 places in an on-going investigation of a case relating to alleged exchange of demonetized currency notes. <br/><br/>The searches were conducted at places including the Office and 17 branches of a Maharashtra based Co-operative Bank and the residential premises of the accused persons at Pune, Baramati and Lonavala yesterday. <br/><br/>Incriminating documents recovered during searches are being scrutinized by the agency. <br/><br/>Earlier, the agency had registered a case against nine officials of a Co-operative Bank of Pune and others over the allegation that after the announcement of demonetization in November 2016 they conspired for exchanging banned notes of 1000 and 500 rupees amounting to 40 lakh rupees. <br/> '<br/>In an another case, the agency arrested a resort owner from Hyderabad on a complaint by the Indian Overseas Bank, alleging bank fraud of over 54 crore rupees.