# CBI investigations into Indian bank fraud cases > Live situation record from CLSTR: https://clstr.news/situations/cbi-investigations-into-indian-bank-fraud-cases > Updated: 2026-10-24T17:23:26.000Z. Sources: 2. Developments: 2. The Central Bureau of Investigation (CBI) has initiated multiple probes into significant financial fraud involving Indian companies and banking institutions. In early October, the CBI registered a case against Mumbai-based Hanjer Biotech Energies Private Limited following a complaint from Punjab National Bank. The investigation concerns an alleged 93.44 crore rupee fraud, where the company is accused of using related-party invoices to secure a 135 crore rupee loan and subsequently diverting those funds. Later in the month, the CBI filed a case against IL&FS Energy Development Company Limited and its directors regarding an alleged 212.34 crore rupee fraud involving Canara Bank. The investigation alleges a criminal conspiracy to secure loans from both the Mumbai and London branches of the then-Syndicate Bank, with funds reportedly diverted through associate companies. In both instances, the CBI has conducted raids to seize banking records, property documents, and other financial assets. ## Timeline ### 2026-10-24: CBI files FIR against IL&FS Energy directors in ₹212 crore fraud case The CBI has filed an FIR against IL&FS Energy Development Company directors for an alleged ₹212.34 crore fraud involving diverted bank loans. 2 sources. https://clstr.news/cluster/cbi-files-fir-against-ilfs-energy-directors-in-212-crore-fraud-case ### 2026-10-03: CBI investigates 93 crore rupee bank fraud by Mumbai company The CBI has filed a case against Mumbai's Hanjer Biotech Energies Private Limited for a 93.44 crore rupee bank fraud involving Punjab National Bank. 2 sources. https://clstr.news/cluster/cbi-investigates-93-crore-rupee-bank-fraud-by-mumbai-company --- Cite as: CBI investigations into Indian bank fraud cases. CLSTR, https://clstr.news/situations/cbi-investigations-into-indian-bank-fraud-cases