The Central Bureau of Investigation has raided the office of the Managing Director of Bokaro Steel Limited, Mr. V K Srivastav, which is run under Steel Authority India Limited.

The CBI also raided the offices of four other General Managers in connection with the ongoing investigation of massive irregularities in the promotion of 394 employees of the company in December 2008.

The raids were led by the Dhanbad CBI S.P V K Singh in which 50 officers of CBI from Ranchi, Patna and Dhanbad took part.

The CBI also conducted simultaneous raids on the Delhi premise of a company, employed as a consultant by the PSU to the handle some of the paper works relating to the promotion.

The CBI had earlier lodged a case on June 11 under various sections of Prevention of Corruption Act.