Key PointsCBI registered a bank fraud case against Mumbai-based Hanjer Biotech Energies Pvt. Ltd.The company allegedly caused a loss of over Rs 93.44 crore to Punjab National Bank.CBI conducted searches at multiple premises linked to the companys directors in Mumbai.Hanjer Biotech allegedly diverted a Rs 135 crore term loan for unsanctioned purposes.Investigation is ongoing to ascertain the full extent of the conspiracy and trace the funds.