Staff Reporter

KOCHI: Financial fraud worth Rs. 2 crore was detected and incriminating documents were seized in Central Bureau of Investigation (CBI) raids on Thursday at residences of Customs officials.

Allegation

The searches were made following allegations that officials of an importing company, in connivance with Customs officials, imported base oil in the guise of rubber processing oil between 2002 and 2006 through the Kochi port, thus committing financial manipulation through duty evasion.

The houses of two Customs officials and that of four officers of the importing company allegedly involved in the fraud were raided.

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