E-Paper
CBI conducts searches at over 100 places in connection with over 30 cases of bank fraud worth ₹3,700 crore
These searches were a part of a special drive to book the fraudsters on the complaints received from different nationalised banks in India.
In a nationwide special drive, the Central Bureau of Investigation (CBI) on Thursday conducted searches at over 100 places in 11 states/Union Territories, in connection with more than 30 cases of bank fraud amounting to over ₹3,700 crore.
These searches were a part of a special drive to book the fraudsters on the complaints received from different nationalised banks in India. The complainant banks include Indian Overseas Bank, Union Bank of India, Bank of Baroda, Punjab National Bank, State Bank of India, IDBI, Canara Bank, Indian Bank and Central Bank of India.
The various cities/towns where the searches were conducted include Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurugram, Chennai, Thiruvarur, Vellore, Tiruppur, Bangalore, Guntur, Hyderabad, Bellary, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimadi, Tirupati Visakhapatnam, Ahmedabad, Rajkot, Karnal, Jaipur and Sri Ganganagar.
During searches, various incriminating documents and other material/digital evidence were recovered.
The central agency has been receiving many complaints from various banks alleging cheating, diversion of funds, submission of fake/forged documents by different defaulting firms while obtaining loans/credit facilities etc.
There have been allegations that such firms have been turning defaulters resulting in the loans becoming Non-Performing Assets(NPAs), thus causing heavy loss to the public sector banks.
After scrutiny, the cases were registered by the CBI. A thorough investigation is carried out in order to book the culprits, take them to face the law and endeavour to salvage public money.
