New Delhi: The Central Bureau of Investigation (CBI) on Wednesday carried out searches at four locations, including the residence of a Principal Director in the Comptroller and Auditor General of India (CAG) after registering a case against her for allegedly diverting funds of the Coffee Board in Bengaluru during her posting there.

Sharada Subramaniam, an Indian Audit and Accounts Service official, allegedly diverted Rs. 16.2 crore of the Coffee Board into mutual fund causing a loss of Rs. 53.3 lakh to the organisation and corresponding gain to herself during her posting as its Director, the CBI has alleged in the FIR.

Apart from her, Nagarajan, the then in-charge Accounts Officer of the Coffee Board, G. Ananda, also in-charge Accounts Officer in the Board, M. Gururaj, Managing Partner of Green Homes and G.S. Financial Services and Sandeep Dash, ICAS, the then Finance Member, Bangalore Development Authority and husband of Sharada Subramaniam, have also been booked by the CBI for allegedly acting in connivance.

The CBI conducted searches at the residence of Sharada Subramaniam in New Delhi and also on the premises of other accused in Bengaluru, the CBI sources said. The case pertains to the period between 1998 and 2003, the FIR registered on  Sept. 4 alleged.