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CBI raids 100 locations in 11 states, case of bank fraud worth 3700 crores

CBI conducted a special campaign on the complaint of these banks – 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.

CBI. (Token picture)

The Central Bureau of Investigation (CBI) on Thursday raided more than 100 places in 11 states of the country. In more than 30 cases of Bank Fraud, these raids were conducted for the fraud of more than 3700 crores. Complaints were filed on behalf of various public sector banks. Complainant banks, on whose complaint the central agency conducted a special operation, 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. .

According to the report, in cases of fraud involving 30 banks, the amount ranging from 20 crores to 1,000 crores can be manipulated. CBI spokesperson RC Joshi said, “Among the various cities / towns raided, Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurugram, Chennai, Vellore, Tiruppur, Bengaluru, Guntur, Hyderabad, Bellary, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimari, Tirupati, Visakhapatnam, Ahmedabad, Rajkot, Karnal, Jaipur and Sri Ganganagar. ”

Accused of converting loan to NPA

Joshi said, “It can be said that CBI is receiving many complaints from various banks in which allegations of fraudulent, forged / forged documents have been submitted by various firms while obtaining loan / credit facility. It is alleged that the defaulters have been made operational due to which loans have become non-performing assets (NPAs), causing huge losses to public sector banks. ”

He said that after the investigation, cases were registered on behalf of the CBI. A thorough investigation is being done to apprehend the culprits. It is an attempt to punish the culprits of the case according to the law and to compensate the loss caused to the public sector bank.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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