The CBI on Thursday conducted searches at over 100 locations in 11 States/Union Territories in a countrywide special drive and registered over 30 cases related to bank fraud of over Rs 3,700 crore.
These searches are part of Special Drive to book the fraudusters on the complaints received from different Nationalised Banks in the country.
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 and Sri Ganganagar.
“During searches, various incriminating documents and other material/digital evidences have been recovered,” the CBI said in a statement.
The CBI 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 and the like.
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, it said.
“After scrutiny of the complaints, 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 added.