The Central Bureau of Investigation (CBI) conducted searches at 67 locations in Rajasthan and Maharashtra related to suspicious IMPS transactions totaling nearly Rs 820 crore across multiple UCO Bank accounts. The operations, involving extensive search efforts and the seizure of incriminating documents and digital devices, also led to the examination of 30 suspects. Around 120 Rajasthan Police personnel and 130 CBI officials, along with independent witnesses, were part of the operation. The case, registered based on a complaint from UCO Bank, alleges wrongful posting of IMPS transactions from private bank account holders to UCO Bank accounts, resulting in unauthorized credits. Investigations into the matter are ongoing.
UCO Bank fraud case: CBI conducts raids in 67 locations
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