CBI Raids Five Kolkata Locations in Bank Fraud Case, Including New Town and Alipore

• CBI conducted early morning raids at five locations in Kolkata, including New Town, in connection with a bank fraud case.
• A businessman's flat on the 5th floor of Ganesh Court apartment near Alipore New Road was searched; the businessman is accused of defrauding banks of hundreds of crores.
• The raids are based on a complaint alleging M/s Rajeshwari Iron & Steel Co. Private Limited, its directors Sumit Kumar Kejriwal and Asha Kejriwal, and others defrauded 561.71 lakh rupees in 2016 using forged documents.
• CBI sources indicate the search is linked to a 2023 CBI ACB case from Ranchi, concerning a 5 crore 61 lakh rupee loan taken by Rajeshwari Iron & Steel Private Limited.
• CBI officials seized a laptop, printer, and keyboard after searching the premises of businesswoman Asha Kejriwal.

Why It Matters: CBI launched extensive raids in Kolkata over a bank fraud case involving Rajeshwari Iron & Steel Co. Private Limited.