The CBI has registered two separate cases in connection with an alleged bank fraud worth Rs 7926 crore. The central agency has booked former TDP MP Rayapati Sambhasiva Rao who was director of a company that had taken loan. The CBI had also conducted searches at two places- Hyderabad and Guntur. The CBI has levelled very serious charges against the directors of the company. The agency alleged that the money was diverted to finance sister companies.