<h1>Central agency probes telecom company, raids promoter premises over alleged Rs2,000 crore public sector bank fraud</h1> A central investigative agency filed a case against a telecom company and searched its premises and those linked to its promoter director in connection with an alleged bank fraud that purportedly caused over Rs 2,000 crore in loss to a public sector bank. The matter was classified as fraud on June 13 under the central bank's fraud-risk directions and the lender's fraud policy; the bank reported the classification to the central bank on June 24 and is in the process of lodging a complaint with the investigative agency. Further details are awaited.