The CBI on Friday carried out searches at three locations in Lajpat Nagar Delhi after booking Jay Polychem Ltd in a  ₹1,800 cr alleged bank fraud in the State Bank of India (SBI), officials said.

The agency has received a complaint from the State Bank of India (SBI) against the Lajpat Nagar based company and it’s promoters and directors for causing a loss of ₹1,800.72 cr to a consortium led bybank, they said.