100 locations across 11 states and Union Territories were searched by CBI in separate alleged bank fraud cases crossing 3,700 crore rupees. Central Bureau of Investigations had been receiving complaints from various nationalized banks and the searches pertained to these 30 FIRs related to bank frauds.
As per the officials, the complaints have been regarding some defaulting companies taking loans, submitting fake documents, cheating the banks, diverting funds, etc. for credit purposes. These firms have been turning defaulters, resulting in the loans becoming NPAs and causing heavy losses to the banks.
The complainant banks include Canara Bank, Indian Overseas Bank, Union Bank of India, Bank of Baroda, Punjab National Bank, State Bank of India, IDBI, Central Bank of India and Indian Bank.
The places where CBI began its investigations are Delhi, Ghaziabad, Kanpur, Mathura, Noida, Gurugram, Chennai, Vellore, Thiruvarur, Bengaluru, Tirupur, Hyderabad, Guntur, Ballari, Kolkata, Vadodara, Jaipur, Mumbai, Bhopal, Ahmedabad, Rajkot, Sriganganagar to name a few.