The Central Bureau of Investigation (CBI) conducted searches at the houses and offices of R.Varadharajan, Managing Director, Repco Home Finance Limited (RHFL) and some key officials of the firm on Saturday.
Sources said that the raids were conducted following registration of a criminal case against the officials based on a complaint lodged by Coimbatore-based Durga Agency to which RHFL had given loan. CBI sources claimed incriminating documents were recovered during the searches in Chennai. Officials of the RHFL could not be reached for their comments.
