CBI conducted searches at eight locations across West Bengal.
The three cases together are said to have caused a loss of ₹191 crore to PNB.
The agency said the companies allegedly diverted and misappropriated bank funds through fraudulent means.
The CBI has conducted searches at eight locations across West Bengal in three separate bank fraud cases involving cumulative loss of ₹191 crore to the Punjab National Bank (PNB), officials said.
The action followed registration of cases against Tantia Construction Ltd, Brahm Alloys Ltd, and Amrit Feeds Ltd for allegedly causing loss of ₹73 crore, ₹58 crore and ₹60 crore respectively to the PNB, they said.
The searches were conducted at the residential premises of the directors of these companies, the CBI said.
1 June 2026
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"In Tantia Construction Ltd case...The accused resorted to fraudulent means to divert the funds availed from the bank by various means like financing long-term capital requirement to its subsidiaries/associate concerns, routing substantial amount through non-standard accounts," a CBI spokesperson said in a statement.
The statement said Brahm Alloys allegedly defrauded the PNB by diversion of funds by way of investment in equity of its group concern, maintaining current accounts with other banks, manipulation of books of account, etc.
"In Amrit Feeds Ltd case...the accused resorted to fraudulent misappropriation and siphoning off bank’s funds given to them for running business. They have converted the public money to their own use dishonestly and diverted the funds of the company for the benefit of its associate & sister concern companies. The company sold its tangible assets without the consent of lenders," the spokesperson said.
