India

CBI Raids 67 Locations in Rajasthan and Maharashtra in UCO Bank IMPS Scam

The Central Bureau of Investigation (CBI) has carried out extensive raids across 67 locations in Rajasthan and Maharashtra in connection with suspicious Immediate Payment Service (IMPS) transactions valued at Rs 820 crore reported at UCO Bank.

On March 6, the CBI conducted raids in various cities of Rajasthan, including Jodhpur, Jaipur, Jalore, Nagaur, Barmer, and Phalodi, as well as in Pune, Maharashtra.

“In the course of these operations, approximately 130 potentially incriminating documents about UCO Bank and IDFC, along with 43 digital devices (comprising 40 mobile phones, 2 hard disks, and 1 internet dongle), were seized for forensic analysis,” stated the CBI in a press release. Additionally, 30 suspects were interrogated on-site.

Also Read: Anurag Thakur Confident BJP Will Secure Victory in Every Uttar Pradesh Seat

Earlier, the CBI had conducted raids at 13 locations in connection with this case.

UCO Bank IMPS scam case

In late November 2023, a case was registered based on a complaint from UCO Bank, alleging fraudulent activity. It was reported that between November 10 and 11, Immediate Payment Service (IMPS) inward transactions from approximately 14,600 account holders of seven private banks were erroneously credited to the accounts of over 41,000 UCO Bank account holders.

This resulted in Rs 820 crore being credited to UCO Bank accounts without the corresponding debits from the originating banks.

Also Read: SC Questions Maharashtra Speaker’s Decision in Shiv Sena Dispute, Citing Potential Contradiction with Prior Ruling

The Central Bureau of Investigation (CBI) stated that numerous account holders took advantage of this situation, illicitly withdrawing funds through various banking channels.

In December 2023, searches were conducted at 13 locations involving private individuals and UCO Bank officials in Kolkata and Mangaluru as part of the ongoing investigation.

Naiteek Bhatt

Recent Posts

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

9 hours ago

SC Expresses Concern Over Rising Trend Of False Rape Cases On Marriage Promises

The Supreme Court has expressed concern over the rising tendency to register rape cases based…

10 hours ago

Adani Ports Mundra Sets National Record With Historic 200 MMT Cargo Handling Milestone

Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…

10 hours ago

SC Seeks Response On Vikas Yadav’s Bail Plea In Nitish Katara Murder Case

SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…

10 hours ago

SC Slams Telangana CM Over Remarks On BRS MLAs’ Disqualification Case

The SC expressed displeasure over Telangana Chief Minister A Revanth Reddy’s remarks regarding the disqualification…

10 hours ago

Jamaat-e-Islami Hind (JIH) Opposes Waqf Bill; Calls It Legislative Discrimination

JIH President Syed Sadatullah Husaini condemns the Waqf Amendment Bill for singling out Muslims and…

11 hours ago