In a countrywide action on bank cases, the Central Bureau of Investigation (CBI) today raided more than 50 places in 18 cities across 12 states/UTs.
CBI conducted raids in various cities including Delhi, Mumbai, Ludhiana, Thane, Valsad, Pune, Palani, Gaya, Gurgaon, Chandigarh, Bhopal, Surat, Kolar.
They have conducted this special drive against bank loan defaulters for an amount involving approximately Rs 640 crore.
” We have registered 14 cases against the accused including various companies, their promoters/directors and bank officials,” agency officials told an English daily.
“In a countrywide action relating to bank fraud scams/cases, CBI is conducting a special drive today and has begun searches at more than 50 places in 18 different cities in around 12 states/union territories,” a senior agency official said.
“A total of 14 cases have been registered against the accused including various companies/ firms, their promoters/directors and bank officials,” the official added.
Meanwhile, the search operation is still on and started Tuesday morning, they said. Further details will follow as the CBI wraps up its drive.
The CBI crackdown comes in wake of huge chunk of bad loans and NPAs the much of which stays unpaid by large corporate borrowers.
As per the Reserve Bank of India (RBI), around 6,800 cases of bank fraud involving Rs 71,500 crore have been reported in 2018-19.
In financial year 2018-19, the government made a capital infusion of Rs 1,06,000 crore in the public sector banks, which was much higher than the earlier provision of Rs 65,000 crore in December 2018.
