New Delhi: The Central Bureau of Investigation (CBI) on Thursday (March 25, 2021) carried out nationwide searches at 100 locations in separate alleged bank fraud cases of over Rs 3,700 crore. The search operation was unfold across 11 states and pertained to 30 FIRs associated to bank fraud, the central probe company in an announcement.
“These searches are part of a 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,” CBI spokesperson R C Joshi mentioned in the press notice.
The searches had been unfold across Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurgaon, Chennai, Thiruvarur, Vellore, Tiruppur, Bengaluru, Guntur, Hyderabad, Ballari, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimadi, Tirupati Visakhapatnam, Ahmedabad, Rajkot, Karnal, Jaipur and Sri Ganganagar.
“It may be stated that the CBI has been receiving a number of complaints from various banks alleging cheating, diversion of funds, submission of fake/forged documents by different defaulting firms while obtaining loans/credit facilities etc,” Joshi mentioned.
The CBI mentioned it acquired allegations about such companies turning defaulters, ensuing in the loans changing into Non-Performing Assets (NPAs), thus inflicting heavy losses to the general public sector banks.
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