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The Central Bureau of Investigation (CBI) Thursday carried out searches at greater than 100 locations across India in reference to greater than 30 cases of bank fraud amounting to over Rs 3700 crore. These searches are half of a particular drive to ebook the fraudsters on the complaints acquired from totally different Nationalised Banks in India. The complainant banks embrace 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, the probe company mentioned.Â
The numerous cities/cities the place the searches have been carried out embrace Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurugram, Chennai, Thiruvarur, Vellore, Tiruppur, Bangalore, Gantur, Hyderabad, Bellery, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimadi, Tirupati Visakhapatnam, Ahmedabad, Rajkot, Karnal, Jaipur & Sri Ganganagar.
During searches, numerous incriminating paperwork and different materials/digital evidences have been recovered, the CBI mentioned.Â
It mentioned that CBI has been receiving a quantity of complaints from numerous Banks alleging dishonest, diversion of funds, submission of pretend/solid paperwork by totally different defaulting companies whereas acquiring loans/credit score amenities and many others. “There have been allegations that such firms have been turning defaulters resulting into the loans becoming Non Performing Assets(NPAs), 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,” it mentioned.Â
