<p>The Enforcement Directorate (ED) on Tuesday conducted raids at six places, including the house of a businessman who allegedly cheated a bank after obtaining a loan. </p>.<p>According to sources, the businessman is accused of defrauding the State Bank of India (SBI) of more than Rs 350 crore after taking a loan. The ED began the probe after registering a case under the Prevention of Money Laundering Act. </p>.<p>Sources said that the raids from Tuesday morning to evening were held at the businessman’s home in southeastern Bengaluru's Kasavanahalli, his office and other linked premises.</p>
<p>The Enforcement Directorate (ED) on Tuesday conducted raids at six places, including the house of a businessman who allegedly cheated a bank after obtaining a loan. </p>.<p>According to sources, the businessman is accused of defrauding the State Bank of India (SBI) of more than Rs 350 crore after taking a loan. The ED began the probe after registering a case under the Prevention of Money Laundering Act. </p>.<p>Sources said that the raids from Tuesday morning to evening were held at the businessman’s home in southeastern Bengaluru's Kasavanahalli, his office and other linked premises.</p>