Archive · 19 Jul 2026
CBI raids infra firm in Rs 1,100 crore loan fraud
The CBI searched six places in four states because a company called Gupta Power Infrastructure Ltd is accused of cheating a bank out of Rs 1,109 crore.
The company is said to have lied about its money and goods to get more loans and then didn't pay the bank back.
In another case, a man named Prabhu Dayal was arrested for pretending to be a government official and asking for a bribe to approve a loan.
The CBI is investigating both cases.
CBI searched six premises in four states linked to Gupta Power Infrastructure Ltd for alleged Rs 1,109 crore bank fraud.
The company is accused of manipulating financial statements and diverting loan funds from Canara Bank.
Searches were conducted at residential and business locations of the company's directors and offices.
In a separate case, Prabhu Dayal was arrested for impersonating a government official and demanding a bribe.
Dayal allegedly demanded Rs 45,000 from a poultry farm owner for loan approval.
- Who
- Gupta Power Infrastructure Ltd and its directors, Prabhu Dayal
- What
- CBI conducted searches and arrested individuals in two separate cases
- When
- Searches conducted on Saturday, arrest on Sunday
- Where
- West Bengal, Odisha, Tamil Nadu, Uttarakhand, Agra, Dehradun
- Why
- Alleged loan fraud of Rs 1,109 crore and bribery
- Company Involved
- Gupta Power Infrastructure Ltd
- Bank Defrauded
- Canara Bank
- Amount Defrauded
- Rs 1,109 crore
- States Involved
- West Bengal, Odisha, Tamil Nadu, Uttarakhand
- Number of Premises Searched
- 6
- Accused Arrested in Separate Case
- Prabhu Dayal
- Bribe Amount Demanded
- Rs 45,000