UCO Bank IMPS scam: CBI raids 67 locations in 820 crore suspicious transactions, know the whole case

UCO Bank IMPS scam: On 21 November 2023, UCO Bank filed a shocking complaint with the CBI. After which the central agency has registered a case and filed a crime. According to the complaint, between 10 November 2023 and 13 November 2023, suspicious IMPS transactions took place from the accounts of 41,000 account holders of UCO Bank to 14,600 account holders of 7 private banks. In this case, CBI has conducted simultaneous raids at 67 locations of UK Bank in Rajasthan and Maharashtra.

CBI has registered a major action against public sector UCO Bank in the case of suspicious IMPS transactions. The operation was carried out simultaneously at 67 locations of UCO Bank in Rajasthan and Maharashtra. The case relates to IMPS transactions of Rs 820 crore from separate accounts.

What is the matter?

On 21 November 2023, UCO Bank lodged a complaint with the CBI. After which a case was registered. According to the complaint, between November 10, 2023 and November 13, 2023, 14,600 account holders of 7 private banks made suspicious IMPS transactions from the accounts of 41,000 account holders of UCO Bank.

Money was not debited from the original account but 41,000 accounts were credited. Many account holders took advantage of this by withdrawing through different banks. 40 teams of 210 people were formed who joined. 130 CBI officers and 80 private witnesses were involved in the investigation.

The CBI conducted this operation in Rajasthan's Jaipur, Palaudi, Jodhpur, Jalore, Burmed and Maharashtra's Nagpur and Pune. During this period the CBI also made arrangements to ensure that law and order was not disturbed. For which 120 policemen of Rajasthan Police were deployed along with the armed forces.

Earlier, raids were also carried out

Even in December 2023, the CBI raided several places during the investigation of the case. At that time, UCO Bank officials and private bank holders conducted raids at 13 locations in Mangaluru and Kolkata. During the CBI investigation, 43 digital devices were also seized along with around 130 suspicious documents related to IDFC Bank and UCO Bank. Later they were forensically examined. It includes an internet dongle, 2 hard disks and 40 mobile phones. During the investigation, the CBI also interrogated 30 more suspects at the scene.