<p>CBI officials said the raids were conducted in connection with non-repayment of a large amount of bank loans, but refused to give details.<br /><br />Some officials said the raids could also be linked to the recruitment of pilots by the group.<br />The planes of Paramount Airways were de-registered in 2010, following which they could not operate their flights for some technical reasons. A legal battle is on.</p>
<p>CBI officials said the raids were conducted in connection with non-repayment of a large amount of bank loans, but refused to give details.<br /><br />Some officials said the raids could also be linked to the recruitment of pilots by the group.<br />The planes of Paramount Airways were de-registered in 2010, following which they could not operate their flights for some technical reasons. A legal battle is on.</p>