CBI raids 50 places across 18 cities in drive against banking fraud accused

The agency teams swooped down at 50 locations in 18 different cities in a coordinated action against the promoters and directors of the companies made accused in the cases in 12 states across the country, officials said.

The CBI Tuesday launched a special drive in connection with banking scams across the country and registered 14 cases, officials said.

A total of 14 cases have been registered against the accused including various companies/ firms, their promoters/directors and bank officials, the official said. (AFP Photo)

The agency teams swooped down at 50 locations in 18 different cities in a coordinated action against the promoters and directors of the companies made accused in the cases in 12 states across the country, they said.

“In a countrywide action relating to bank fraud scams/cases, CBI is conducting a special drive today and has begun searches at more than 50 places in 18 different cities in around 12 states/union territories,” a senior official said.

“A total of 14 cases have been registered against the accused including various companies/ firms, their promoters/directors and bank officials,” the official added.

The search operation is still on, they said.