CBI conducts raids across Delhi, NCR

The CBI on Sunday carried out searches at 10 locations in Delhi and the National Capital Region (NCR) as part of its ongoing investigation into the alleged Rs 6,000 crore Bank of Baroda forex scam.

Sources in CBI said that during investigations it was found that around 8,500 foreign remittance transactions were made from approximately 59 bank accounts of various firms, companies against import of goods and software from Hong Kong and Dubai. “The investigation revealed further involvement of around 11 private persons or entities,” the official said. 

“Rs.40 lakh in cash, rubber stamps of about 44 different companies, 15 PAN (permanent account number) cards and various incriminating documents, including pen-drives and hard discs, connected to the case were recovered during searches,” the official said. In addition, foreign currencies of China, the US, Europe, the UAE, Nigeria, Hong Kong and Sri Lanka were also found, said the official, adding the documents recovered are being scrutinised.

The CBI on October 9 had registered a case under sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act, dealing with criminal conspiracy and criminal breach of trust, against 59 current account holders along with “unknown” bank officials and private persons on a complaint from Bank of Baroda.