CBI carries out 'special operation' against banking fraud accused

New Delhi: The CBI Tuesday launched a special drive in connection with banking scams across the country and registered 14 cases, officials said.

The agency teams swooped down at 50 locations in 18 different cities in a coordinated action against the promoters and directors of the companies made accused in the cases in 12 states across the country, they said.

"In a countrywide action relating to bank fraud scams/cases, CBI is conducting a special drive today and has begun searches at more than 50 places in 18 different cities in around 12 states/union territories," a senior official said.

The searches are being conducted in various cities including Delhi, Mumbai, Ludhiana, Thane, Valsad, Pune, Palani, Gaya, Gurugram, Chandigarh, Bhopal, Surat, and Kolar among others. A senior official said that the amount involved in the bank fraud is approximately around Rs 640 crore, so far.

"A total of 14 cases have been registered against the accused including various companies/ firms, their promoters/directors and bank officials," the official added.

The search operation is still on, they said, adding that details of the cases will follow once the operation is completed.