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Bank Fraud: CBI conducts searches across India in more than 30 cases

The Central Bureau of Investigation, CBI today conducted searches at more than hundred places across India in connection with more than 30 cases of bank fraud amounting to over 3 thousand 700 crore rupees. These searches are part of Special Drive to book the fraudusters on the complaints received from different Nationalised Banks in India. The complainant banks include Indian Oversea 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 cities or towns where the searches were conducted include 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.

During searches, various incriminating documents and other material, digital evidences have been recovered.

CBI has been receiving a number of 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. There have been allegations that such firms have been turning defaulters resulting into the loans becoming Non Performing Assets, thus causing heavy loss to the public sector banks. After scrutiny, the cases are registered by CBI. Thorough investigation is carried out in order to book the culprits, take them to face the law and endeavour to salvage public money.

 

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