CBI Conducts Searches in Rs 119 Crore Bank Fraud Cases

New Delhi, May 22 (UNI) The Central Bureau of Investigation (CBI) on Friday said that it recently conducted searches at seven premises in connection with two separate bank fraud cases registered against Shri Hari Extrusion Pvt. Ltd. and Jay Formulations Ltd. The total wrongful loss caused to public sector banks in these two cases is estimated at Rs 119.03 crore. The searches were carried out at premises located in Mumbai and Ahmedabad. In the Shri Hari Extrusion case, searches were conducted at the residential premises of the company's directors based on search warrants issued by the Special Judge for CBI…