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Rajasthan: On Thursday, The Central Bureau of Investigation (CBI) conducted searches at 67 locations in connection with suspicious Rs 820 crore IMPS transactions at UCO bank in seven cities across Rajasthan and Maharashtra. Last year, there were over 8,53,049 IMPS (Immediate Payment System) transactions between November 10 and November 13 in which Rs 820 crore was wrongly transferred to the accounts of over 41,000 UCO Bank account holders.
In connection with the raids, a CBI spokesperson said,”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 official added that The searches in Rajasthan and Maharashtra were conducted on people who received the money and withdrew it rather than returning it to the bank. This is the second round of searches in the case.
the Spokesperson said, in December 2023, searches were conducted at 13 locations involving private individuals and UCO Bank officials in Kolkata and Mangalore.
An ED official said,”During these operations, 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.” He aaded,”Additionally, 30 suspects were also found and examined on the spot.”
