The CBI has recovered over ₹50 lakh in cash during searches on Monday from one of the accused in a bank-fraud case against a real estate firm, who was recently booked by the central probe agency, officials said.
The agency has conducted searches at 11 locations in multiple cities after registering a case against the Nashik-based Sun Infrastructure Limited for causing a loss of around ₹23.86 crore to the State Bank of India, they said.
The searches were carried out in Mumbai, Nashik, Bengaluru and Nagpur, the officials said.
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It is alleged that the company was involved in financial bunglings and diversion of the funds for purposes other than the loan conditions, they added.
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