CBI detects bank frauds amounting to over Rs 3,700 crore



The Central Bureau of Investigation (CBI), on Wednesday, detected more than 30 cases of bank fraud amounting to over Rs 3,700 crore after conducting searches across the country.

Reportedly, these searches were a part of Special Drive to book 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," sources confirmed.

The search operations were conducted in major cities including Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurugram, Chennai, Thiruvarur, Vellore, Tiruppur, Bangalore, Gantur, Hyderbad, Bellery, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimadi, Tirupati Visakhapatnam, Ahmedabad, Rajkot, Karnal, Jaipur and Sri Ganganagar.

The team also received complaints from various banks alleging cheating, diversion of funds, submission of fake or forged documents by different defaulting firms while obtaining loans or credit facilities.

Meanwhile, CBI has registered various cases on fraudulent charges.

(Edited by Gabriel G Momin)


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