The Central Bureau of Investigation (CBI) Thursday performed searches over 100 locations in 11 States and Union Territories (UTs) in reference to greater than 30 circumstances of financial institution fraud amounting to over ₹3,700 crore.
As per an announcement, the searches are a part of a particular drive to nab fraudusters after complaints had been acquired from completely different nationalised banks throughout the nation.
The complainants embrace Indian Abroad Financial institution, Union Financial institution of India, Financial institution of Baroda, Punjab Nationwide Financial institution, State Financial institution of India, IDBI, Canara Financial institution, Indian Financial institution and Central Financial institution of India.
Searches had been performed in varied cities and cities together with Kanpur, Delhi, Ghaziabad, Mathura, Noida, Gurugram, Chennai, Thiruvarur, Vellore, Tiruppur, Bangalore, Guntur, Hyderabad, Bellary, Vadodara, Kolkata, West Godavari, Surat, Mumbai, Bhopal, Nimadi, Tirupati Visakhapatnam, Ahmedabad, Rajkot, Karnal, Jaipur and Sri Ganganagar.
A number of incriminating objects together with paperwork and different materials and digital proof had been recovered through the searches.
“The CBI has been receiving quite a lot of complaints from varied banks alleging dishonest, diversion of funds, submission of faux/solid paperwork by completely different defaulting corporations whereas acquiring loans/credit score amenities and so on. There have been allegations that such corporations have been turning defaulters ensuing within the loans turning into Non-Performing Belongings (NPAs), thus inflicting heavy loss to the general public sector banks,” the assertion added.
The circumstances have been registered by the CBI and a radical investigation is being carried out.