CBI raids businessman’s home in Kolkata over multi-crore bank fraud linked to betting app

The Central Bureau of Investigation (CBI) raided the residence of businessman Suraj Chokhani in Bidhannagar, Kolkata, today in connection with a multi-crore bank fraud case. Chokhani was previously arrested by the Enforcement Directorate (ED) for alleged money laundering linked to a betting app. Officials suspect that bank loans obtained under the pretext of business expansion were diverted into the betting platform. Another accused, Nitish Dewan, was also arrested in the same case.

According to CBI sources, Ramesh Chokhani, another key figure in the investigation, allegedly secured substantial loans from banks using fraudulent means. Officials are examining financial records to track fund movements and determine if the money was funneled into unauthorized financial schemes. Investigators are also probing possible collusion with bank officials who sanctioned the loans.

The raid is part of a broader investigation into financial misappropriation and illegal transactions. Officials are analyzing loan documents, transaction records, and digital evidence to establish the extent of the fraud. More individuals linked to the case may be questioned as the investigation progresses.