NEW DELHI: The Central Bureau of Investigation (CBI) on Thursday conducted nationwide searches of 100 locations in suspected Bank fraud cases of more than 3.7 billion rupees, authorities said.
The coordinated search operation spanned 11 states and belonged to 30 FIRs related to bank fraud, they said.
“These searches are part of a special campaign to register scammers about complaints received from different nationalized banks in India. Reporting banks include Overseas indian 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, “said CBI spokesman RC Joshi.
Searches spread to Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurgaon, Chennai, Thiruvarur, Vellore, Tiruppur, Bengaluru, Guntur, Hyderabad, Ballari, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimakhai, Tirupai , Ahmedabad, Rajkot, Karnal, Jaipur and Sri Ganganagar.
“It can be stated that the CBI has been receiving a series of complaints from various banks alleging fraud, diversion of funds, presentation of false / falsified documents by different defaulting companies while obtaining loans / credit facilities, etc.,” Joshi said.
The CBI added that it was receiving accusations that such companies have become delinquent, which has resulted in the loans being converted to Non-Performing Assets (NPAs), causing large losses to public sector banks.
“After scrutiny, CBI records the cases. A thorough investigation is carried out to register the culprits, bring them to face the law and try to save public money,” Joshi said.
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