The Central Bureau of Investigation,CBI today conducted searches at 50 locations of various companies and firms in connection with alleged illegal remittances of over 6,000 crore rupees to Hong Kong through Bank of Baroda. <br/><br/>Agency sources said, most of the accused persons allegedly involved in the case have been identified and their interrogation is underway.It was also revealed that most of the addresses given by the firms were either false or they do not exist at the given addresses. <br/><br/>The amount was remitted as advance for import and in most of the cases, the beneficiary was the same. Sources also said, most of the foreign exchange related transactions were carried out in newly opened current accounts wherein heavy cash receipts were observed but the branch neither generated Exceptional Transaction Report nor monitored the high value transactions.<br/><br/>Yesterday, CBI had conducted searches at a Bank of Baroda branch. Over 6 thousand crore rupees of black money was allegedly sent out of the country from the bank in July last year. An amount of 6172 crore rupees was deposited by fictitious companies in the bank to be transferred to Hong Kong. The matter came to fore following an internal inquiry audit report of the bank on 9th of last month.