Rs.93 Crore Fraud in Punjab National Bank, CBI registers case against Mumbai based Company
The Central Bureau of Investigation (CBI) has registered a bank fraud case involving an alleged loss of around ₹93.44 crore to Punjab National Bank (PNB). The case was registered on September 30, 2026, based on a complaint filed by PNB’s SAM Branch in Mumbai. The case is against Mumbai-based Hanjer Biotech Energies Pvt. Ltd., its directors and guarantors, as well as some unknown public servants and private individuals.
According to the allegations, the accused persons entered into a criminal conspiracy and obtained a term loan of ₹135 crore. The loan was allegedly obtained using invoices of a related party. The CBI has alleged that the loan funds were later diverted or siphoned off for purposes other than those for which the loan had been sanctioned. This allegedly resulted in a loss of approximately ₹93.44 crore to the bank.
CBI Conducts Searches in Mumbai
As part of the investigation, the CBI conducted searches on October 2, 2026, at multiple premises linked to the directors of Hanjer Biotech Energies Pvt. Ltd. During the searches, the agency recovered and seized bank documents and property-related documents that are considered relevant to the case.
Investigation Underway
The investigation is still continuing. The CBI is examining the full extent of the alleged conspiracy and is trying to establish the role of all persons involved, including public servants and private individuals. The agency is also tracing how the loan money was ultimately used.
