<span style="color: #222222;">CBI today conducted searches at various locations including Delhi-NCR, Chandigarh, Kolkata, Odisha at the office and residential premises of Directors and Promoters of Bhushan Power and Steel Ltd in a bank fraud case. </span><br />'' <br />'' <span style="color: #222222;">The Agency had registered a case against them and unknown public servants and other private persons in the matter. It is alleged that the accused entered into a criminal conspiracy among themselves and with unknown public servants and others to cheat banks. </span><br />'' <br />'' <span style="color: #222222;">In pursuance of  the  conspiracy, the accused fraudulently diverted huge amount of bank funds through Shell companies. A loss of over 2000 crore rupees was caused to the lending banks.</span><br />''