In a bank fraud case involving a Delhi company, the CBI is searching five premises.

CBI carried out raids on Friday at the headquarters of the accused former corporate directors of the firm in Delhi . The CBI carried out the raids on Friday at the headquarters of the accused former corporate directors of the firm in Delhi .

Officials said on Friday that the CBI conducted searches at five locations in Delhi after registering an FIR against Delhi-based packaging firm Rave Scans Pvt Ltd for allegedly defrauding a consortium of banks to the tune of Rs 69.33 crore.The CBI acted on a report by Indian Overseas Bank alleging serious irregularities in the company's finances.Officials said this included money divertition, fabrication of account books, and forgery in account books to defraud the banks during 2011-16.The CBI carried out the raids on Friday at the headquarters of the accused former corporate directors of the firm in Delhi, according to them.

Officials said the court had booked the accused under the provisions of the Prevention of Corruption Act, which included criminal conspiracy, cheating, and corruption provisions.