New Delhi, Oct 29 (Agency) The Central Bureau of Investigation (CBI) conducted searches at 16 locations in three separate cases related to bank fraud of Rs 16.80 crore, the agency said. The agency said the searches were conducted at the premises of accused in connection with 3 cases registered against two Panipat based private firms, a Chandigarh based private firm and others including unknown bank officials. The accused thus allegedly caused loss to UCO Bank and SIDBI in these cases of conspiracy, cheating, forgery of valuable security, forgery for the purpose of cheating, using forged documents as genuine criminal misconduct, utilization of loan for the purpose other than for which loans were availed, said CBI.
The first case was registered on a complaint from UCO Bank in Haryana’s Karnal against a private firm based in Haryana’s Panipat district and others including borrowers, guarantor and their CAs, unknown bank officials of UCO Bank, Panipat Branch on the allegations of causing loss of Rs 3.44 crore to Bank. The second case was registered on a complaint from UCO Bank of Karnal against a private firm based at Panipat district and others including borrowers, guarantor and their CAs, unknown bank officials on the allegations of causing loss of Rs.4.97 crore to Bank. Third case was registered on a complaint from SIDBI in Chandigarh against a private firm based at Chandigarh and others including borrowers, guarantor and their CAs, unknown bank officials on the allegations of causing loss of Rs 8.39 crore to the bank, said the agency.