CBI conducts searches at 67 locations in connection with ₹820 crore IMPS scam in UCO Bank
₹820 crore across multiple UCO Bank accounts. The agency had registered a case on November 21, 2023 on a complaint received from the UCO Bank. ALSO READ: UCO Bank says ₹820 crore erroneously credited to account holders, ₹649 crore recovered In the complaint It was alleged that between November 10 to November 13, 2023, IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully credited in the accounts of over 41,000 UCO Bank account holders.
This resulted in ₹820 crore being credited to UCO Bank accounts without actual debiting from the originating banks. The agency carried out extensive search operations on Wednesday in Rajasthan -- at Jodhpur, Jaipur, Jalore, Nagaur, Barmer, Phalodi, and at Pune in Maharashtra. During the searches, approximately 130 incriminating documents related to UCO Bank and IDFC, as well as 43 digital devices (including 40 mobile phones, 2 hard disks, and 1 internet dongle) were seized for forensic analysis, said the CBI.
“Numerous account holders have exploited this situation, making wrongful gains by withdrawing funds through various banking channels," said the CBI in a statement. Earlier in December 2023, the CBI conducted searches at 13 locations involving private individuals and UCO Bank officials in Kolkata and Mangalore. The also said, “30 suspects were also found and examined on the spot." To ensure the smooth conduct of the search operations, a total of 120 Rajasthan Police personnel, including armed forces, were deployed.
Read more on livemint.com
