Mehul Thakur, managing director of the Viva Group, and Gopal Chaturvedi, a chartered accountant, were arrested under sections of the Prevention of Money Laundering Act after the raids.
The bank, in its complaint, has alleged that the company had availed credit facilities from the consortium of e-Vijaya Bank and Indian Bank between 2017 and 2019.
Along with the company, CBI has booked its Directors Jitendra Kejriwal, Roop Kishore Tuli and Mohan Kumar Jha.
In November 2019, the victim had received a new Debit Card and had taken help from the accused in generating the ATM pin.
The CBI after registering the fresh case against Chandra carried out searches at multiple locations at the premises of the accused.
Desai had said at the time that as per section 173, a court could take cognisance of the chargesheet only if the probe was complete.
Police found that the accused would create open accounts in various banks and give them to his aide Diwakar Srivastava.
ED said Rs 5.99 crore cash and some foreign currency was seized on Friday after it raided six residential and office premises.
They carried out searches in Lucknow and Noida on Monday including the Lucknow office of Gangotri Enterprises and Tiwari's residence, the officials said.
R Saravanan (28), a resident of Kattupakkam, was exploiting the wifi-enabled cards which do not require the pin for transactions up to Rs 2,000.
Sanjit Singh was arrested late on Friday night after hours of grilling in connection with fraud in a cooperative bank in Barrackpore.
After registering the case, the CBI searched the residence of Rakesh Wadhawan and his son Sarang in Mumbai, they said.
'Bank has already made provisions amounting to Rs. 215.21 crore, as per prescribed prudential norms,' said the lender in a notification to the exchanges.
The three hotels have been identified by the agency as the Fab Hotels group and are located in Kailash Colony, East of Kailash and Kalkaji areas of the national capital.
An ED official said that the agency attached the properties -- owned by Udaipur's CA Bharat Bomb, Shankar Lal Khandelwal and others -- in the loan fraud case reported in the erstwhile Syndicate Bank.