CBI conducts raids in three separate bank fraud cases in Mumbai, Pune and UP

Chennai, Oct 29 (UNI) The CBI on Thursday conducted raids in three separate bank fraud cases inMumbai, Pune and Uttar Pradesh on Thursday. In separate statement, the Central Investigating agency said conducted search operations in connection with a bank fraud case in Mumbai. The CBI registered the instant case based on the complaint of State Bank of India, Mumbai against M/s Avaya Industries Ltd, its Directors and Unknown Public Servant(s) & Private Person(s). It is alleged in the complaint that M/s Avaya Industries Ltd and its Directors fraudulently obtained credit facilities by misrepresentation, causing a wrongful loss of Rs.58.48 Crore…