CBI Searches Five Kolkata Sites in UCO Bank Loan-Fraud Investigation

Investigators are acting on a UCO Bank complaint accusing Swati Mining Company of diverting sanctioned funds.

Overview

Teams searched residences in New Alipore, Alipore and New Town as part of a multi-crore bank loan forgery case.
The probe stems from a December 30, 2025 FIR that named company directors Girija Thakur and Samrat Chakraborty and promoters Amit Kumar Kejriwal and Sarwan Kumar Kejriwal.
The complaint alleges a ₹7.25 crore loss to UCO Bank after working-capital funds were diverted to related entities and non-creditors.
Officers said the coordinated searches aim to secure documents and trace the flow and end-use of the suspected funds.
A larger-than-usual CAPF contingent accompanied the CBI teams to prevent disruption, and a related matter was listed for hearing in the Supreme Court on Thursday.