CBI Registers Rs 93.44 Crore PNB Bank Fraud Case, Searches Mumbai Premises Linked to Company Directors:

The Central Bureau of Investigation (CBI) has registered a bank fraud case on loss of Rs 93.44 crore to Punjab National Bank (PNB). The agency also carried out searches on October 2, 2026 at several locations in Mumbai associated with the directors of Hanjer Biotech Energies Pvt Ltd.

The case was registered on September 30, 2026, following a complaint by PNB’s SAM Branch in Mumbai. The case names Hanjer Biotech Energies Pvt Ltd, its directors and guarantors, along with unidentified public servants and private individuals.

According to the CBI, the accused allegedly entered into a criminal conspiracy and obtained a term loan of Rs 135 crore from the bank. The loan was reportedly secured using invoices of a related company.

The agency has alleged that the loan funds were diverted and used for purposes other than those for which the loan had been sanctioned. This allegedly resulted in a loss of around Rs 93.44 crore to the bank.

CBI officials during the searches recovered and seized several documents including bank and property related papers which are considered to be relevant to the investigation.

The investigation is still ongoing. The CBI is probing the alleged conspiracy, role of the persons involved including public servants, private persons and the ultimate use of the loan funds.