The Central Bureau of Investigation (CBI) took major action in the bank fraud case on Tuesday. The Central Investigation Agency has raided 169 locations across the country in the bank fraud case. According to the information, CBI has registered about 35 cases related to bank frauds worth more than Rs 7000 crore. This action has taken place after this. At present, this raid is on. A senior CBI official said that the investigating agency has spread across the country including Andhra Pradesh, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, Dadra and Nagar Haveli. About 169 places have been raided. although, The official did not disclose the names of the banks or the accused involved in the case. This is not the first time that the Central Investigation Agency has conducted such a massive raid campaign. It has conducted several raids in cases of bank fraud in the past few months.
The PMC bank scam in Mumbai has caused panic all over the country. The PMC bank scam is of 4355 rupees. The Reserve Bank of India (RBI) has prohibited withdrawing money over a limit. After this stop, the account holders can withdraw only 40 thousand rupees in six months. This bank scam can be used to alleviate the problem of account holders by the fact that so far eight people have died. Significantly, two accused in this scam, Rakesh Wadhavan and his son Sarang Wadhawan are in the custody of the ED. The ED is investigating the case under the Money Laundering Act. The ED has seized assets worth Rs 3830 crore in the money laundering case related to the scam. PMC Bank has a total of 137 branches across the country.
