Kwality Limited, one of the country's most popular dairy product makers, has been charged with cheating a group of banks of Rs. 1,400 crore in a case of fraud filed by the CBI. The investigating agency filed the case after searches at eight locations including Delhi today. Those named by the CBI include Kwality's directors Sanjay Dhingra, Siddhant Gupta and Arun Srivastava. They have been charged with cheating, forgery, criminal conspiracy and corruption by a consortium of 10 banks led by Bank of India, constituted in 2012.