The CBI has booked the former Chairman-cum-Managing Director of UCO Bank, Arun Kaul, along with others, in connection with a Rs. 621cr loan fraud. The loan fraud reportedly led to a loss of Rs. 737cr for UCO Bank. The CBI reportedly investigated 10 locations on Saturday - eight in Delhi and two in Mumbai - in connection with this case. Here's more. Along with Kaul, the CBI has booked Era Engineering Infra Ltd., its CMD Hem Singh Bharana, Pawan Bansal of Altius Finserve, and two chartered accountants - Pankaj Jain and Vandna Sharda. It's alleged that the accused, in pursuance of criminal conspiracy, siphoned off bank loans. Kaul, who was the CMD of the Kolkata-based bank, allegedly facilitated the fraudulent loans. The CBI FIR alleged that two loans were issued to Era Engineering Infra Limited in 2010 - Rs. 200cr in March, and Rs. 450cr in October. The Rs. 200cr loan was issued for repayment of dues to the Central Bank of India, the Punjab National Bank, and the IFCI, but wasn't utilized for the same. A similar thing happened with the Rs. 450cr loan.