The Central Bureau of Investigation (CBI) conducted searches at 67 locations in seven cities across Rajasthan and Maharashtra, pertaining to a case involving suspicious IMPS transactions totalling ₹820 crores across various UCO Bank accounts. UCO Bank had reported that between November 10 and 13 last year, IMPS inward transactions from 14,600 accounts of seven private banks were erroneously credited to over 41,000 UCO Bank accounts. Consequently, the CBI filed a case on November 21, revealing that ₹820 crore had been credited to UCO Bank accounts without corresponding debits from the originating banks.
Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
