CBI
The Central Bureau of Investigation (CBI) has filed an FIR against a small savings bank in West Bengal for allegedly swindling investments worth crores of rupees from more than 20,000 customers. The case was transferred to the CBI by the Calcutta High Court, which imposed a fine of ₹5 lakh on the state Criminal Investigation Department (CID) for violating its order.
The allegations include the bank employing agents to collect money from people with promises of returning it as needed, issuing a large number of loans without proper norms, causing financial losses to depositors, and potentially operating without proper licenses or permissions.
Also Read: Sonia Gandhi Asserts Ownership Of Women’s Reservation Bill: ‘It Belongs To Us, Apna Hai’
The court criticized the CID for filing a “recalling application,” deeming it frivolous and suggesting it may be hiding something. The transferred investigation involves a significant amount of money deposited by customers, which has allegedly been given as loans to unknown borrowers. The CBI and the Enforcement Directorate (ED) were directed to start their investigation within three days.
Also Read: Shashi Tharoor Advocates Special Session: Clarifying Needs
This case highlights financial irregularities and the need for a thorough investigation to uncover the truth behind the alleged swindling of funds by the savings bank.
The Supreme Court has granted a major relief to the Rajasthan government by upholding the…
The Supreme Court has expressed concern over the rising tendency to register rape cases based…
Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…
SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…
The SC expressed displeasure over Telangana Chief Minister A Revanth Reddy’s remarks regarding the disqualification…
JIH President Syed Sadatullah Husaini condemns the Waqf Amendment Bill for singling out Muslims and…