CBI Registers 42 Bank Fraud Cases of Rs. 7200 Crore

Rishi Kumar Shukla, Director, CBI. Photo: CBI (file photo)
Rishi Kumar Shukla, Director, CBI. Photo: CBI (file photo)

In a large scale operation against frauds in banks, the Central Bureau of Investigation (CBI) in India has conducted searches at around 187 places in different States / UTs.

These areas included Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, Dadra & Nagar Haveli.

According to a CBI communique of November 5, the investigative agency has registered around 42 cases of bank frauds involving Rs. 7200 crore approximately (US$1 billion).

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The banks involved (including consortium members) are Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, SBI, Allahabad Bank, Canara Bank, Dena Bank, Punjab & Sind Bank, Punjab National Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra, and Bank of India. .

Out of the 42 registered cases, there are 4 cases of more than Rs. 1000 crore (approximately) and 11 cases of fraud amount of Rs. 100 crore (approximately) to Rs. 1000 crore (approximately).

During searches, according to CBI, incriminating documents have been recovered while the searches were still in progress.

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Rakesh Raman