The Central Bureau of Investigation has registered a case against two Directors of Kolkata based private company and then Chief Manager of SBI on a complaint from SBI, IFB Kolkata. It was alleged that the said company availed different loans amounting to Rs. 143 crore from Industrial Finance Branch of SBI, Kolkata and after availing the loans, the Company & its Directors in criminal conspiracy, misused the funds of the loans for the purposes other than the business. It was further alleged that then Chief Manager of Bank abused his official position and allowed such misuse of bank funds. The loss of Rs.164.99 crore(approx) was caused to Bank during FY 2011-2013. Searches were conducted on 29th March in the premises of accused at Kolkata.