New Delhi, Jan 15 (TIWN) The CBI said on Friday that it had registered cases against two companies based in NCR as well as Karnal in Haryana on the charge of cheating banks of more than Rs 340 crore and carried out searches at six locations.

A CBI official said that the agency had registered a case of fraud on a complaint by State Bank of India against Naftogaz India Private Limited, New Delhi/Noida, and others, including its CMD and unknown public servants or persons for causing a loss of Rs 219.81 crore.  The official alleged that the company cheated the bank through diversion of bank funds, fraudulent transactions, criminal misappropriation, submission of false stock or debt statements etc.