The CBI on Tuesday conducted searches in 169 locations across the country after the agency registered 35 FIRs in as many number of bank fraud cases involving funds worth over Rs 7,000 crore.
The fraud cases relate to public sector banks State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra, Punjab and Sind Bank and Bank of India.
After registering 35 bank fraud cases from November 1 to November 4 in various cities involving different banks in the public sector, the CBI officials conducted synchronized searches at 169 locations across the country from Tuesday morning, agency officials said.
One of the biggest bank fraud involves Bengaluru based Opto Circuits India whose CMD Vinod Ramnani, former director Usha Ramnani, US-based promoter directors Jayesh Patel and Thomas Dietiker and unknown public servants cheated State Bank of India to the extent of Rs 354. 32 crore by diverting the cash credit loan granted by the bank through
falisification of company accounts.
The fraud cases under probe include SEL Manufacturing in Bank of Maharashtra worth Rs 113.55 crore, Advance Surfactants in SBI worth Rs 118.49 crore, Eskay Knit worth Rs 42.16 crore in Dena Bank (now Bank of Baroda), Krishna Knitwear Technology worth over Rs 27 crore in Canara Bank, they
said.
The agency has booked directors and promoters of these companies and unknown public servants in the alleged bank fraud instances.
The searches were conducted in Delhi, Gurgaon, Chandigarh, Ludhiana, Dehradun, Noida, Baramati, Mumbai, Thane, Silvassa, Kalyan, Amritsar, Faridabad, Bengaluru, Tirupur, Chennai, Madurai, Quilon, Cochin, Bhavnagar, Surat, Ahmedabad, Kanpur, Ghaziabad, Bhopal, Varanasi, Chandauli, Bhatinda, Gurdaspur, Morena, Kolkata, Patna, Krishna and Hyderabad, they said.