"It seems they were forewarned by somebody in the bank and tipped off about the impending complaint," a CBI official told The Telegraph. On Saturday, the CBI had questioned the PNB top brass, including Rao and managing director and chief executive officer Sunil Mehta. "We have got contradictory reports on the exact date of the detection of the fraud," the CBI official said. The CBI has registered a loan-fraud case against the Ghaziabad-based Simbhaoli Sugars Ltd and others for defrauding Oriental Bank of Commerce of Rs 109 crore. The agency on Sunday conducted searches at eight premises, including the residences of the company's directors and its factory, corporate office and registered office in Delhi, Hapur and Noida.

Source: The Telegraph February 25, 2018 23:03 UTC