CBI conducts searches at over 100 places in 11 states, UTs; registers 30 cases of bank fraud

The Central Bureau of Investigation(CBI) on Thursday conducted searches at more than 100 places across India in connection with more than 30 cases of bank fraud amounting to over Rs 3700 crores.

The agency said that the 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 various cities/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 & Sri Ganganagar.

The agency claims to have recovered various incriminating documents and other material/digital evidences during the searches.

CBI said that it 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.

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, the agency added.