Summary:
BANK FRAUD CASEOur CorrespondentLudhiana, November 5Believed to be a part of Rs 7,000-crore fraud with public sector banks across the country, a team of CBI officials conducted raids on several residential and business premises of Charanjit Bajaj, a prominent liquor trader, famous as Channi Bajaj group of liquor vends, in the city today. Raids were conducted simultaneously on Sarabha Nagar, Model Town and Shastri Nagar premises of Bajaj for bank default of around Rs 50 crore. While the CBI officials remained tight-lipped, sources said Bajaj was taken in custody for further interrogation. The CBI team was accompanied by financial experts and auditors, who will be responsible for identifying and assessing documents related to borrowing by defaulters. The money trail indicated by bank transactions will also be cross-checked by the CBI..