<div>The CBI has conducted searches at 8 places against a Uttar Pradesh based private sugar company in connection with a bank loan fraud case. Searches were conducted at residences of Directors, factory, corporate office and registered office of Simbhaoli Sugars Ltd in Delhi, Hapur and Noida yesterday.&nbsp;</div>''<div><br />''</div>''<div>The CBI has registered a bank fraud case against the company, its top officials along with unknown bank officials for allegedly causing loss of 109 crore rupees to Oriental Bank of Commerce. According to CBI officials, the Hapur-based Simbhaoli Sugars Ltd in 2011 fraudulently diverted funds received as loans for sugarcane farmers and self-help groups.The company has been alleged of diverting funds for its personal use.</div>