- By Shivam Shandilya
- Thu, 07 Mar 2024 10:53 PM (IST)
- Source:JND
The Central Bureau of Investigation (CBI) has conducted searches at 67 locations in seven cities in Rajasthan and Maharashtra, reports news agency PTI. The search took place in connection with the Rs 820 crore IMPS scam in UCO Bank, officials said on Thursday.
The case is regarding the 8,53,049 IMPS (Immediate Payment System) transactions that took place between November 10 and November 13 last year in the bank.
"IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully posted in the accounts of over 41,000 UCO Bank account holders. This resulted in Rs. 820 crore being credited to UCO Bank accounts without actual debiting from the originating banks," the CBI Spokesperson said, as quoted by news agency PTI.
The searches by the probe body in Rajasthan and Maharashtra focused on people who received the money and withdrew it without returning it to the bank, said officials. This is the second round of searches.
"Earlier in December 2023, searches were conducted at 13 locations involving private individuals and UCO Bank officials in Kolkata and Mangalore," the Spokesperson said.
The search is being conducted by over 330 police personnel, including 120 from Rajasthan Police, in 40 teams, and 80 independent witnesses were involved in the action spread across multiple cities, including Jodhpur, Jaipur, Jalore, Nagaur, Barmer, Phalodi) and Pune (Maharashtra).
During the search operation, approximately 130 incriminating documents related to the 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. Besides, 30 suspects were also found and examined on the spot.
(With input from agencies)