Mumbai: CBI today conducted searches at the Mumbai residence of SBI Deputy MD Shyamal Acharya and claimed to have seized gold and jewellery worth Rs 67 lakh after he and others were booked by the agency in a graft case related to disbursal of a loan of over Rs400 crore.

"Gold and jewellery worth Rs 67 lakh approximately, locker key, documents pertaining to investments in fixed deposits others and other incriminating documents have been recovered from the residence of the Deputy Managing Director.

"An estimated cash of Rs 15 lakh, jewellery and other incriminating documents were also recovered from the residence of the chairman of the private company, Piyoosh Goyal. Incriminating documents recovered during searches are being scrutinised for further investigation," a CBI spokesperson said in Delhi.