National Affairs

CBI Registers About 190 Cases Of Bank Fraud In 2020

The Central Bureau of Investigation registered about 190 cases of bank fraud in year 2020, involving alleged misappropriation of close to ₹60,000 crore. In about a dozen cases, the companies and their top functionaries were accused of cheating the banks of more than ₹1,000 crore. An analysis of the FIRs revealed that in over 70 cases, the prima facie embezzled amount exceeded ₹100 crore. While over 50 of the total bank fraud cases were registered by the CBI units in Delhi, nearly 30 were instituted in Mumbai, apart from some others in Pune and Nagpur. While the Chennai unit made out 17 cases, in Gujarat’s Gandhinagar, at least 16 cases were registered. Many cases were taken up by the units in Bengaluru, Chandigarh, Bhopal, Jabalpur, Lucknow, Visakhapatnam, Kochi, Madurai, Jammu, Srinagar, Dehradun, Shimla, Bhubaneswar, Guwahati and Ghaziabad. Following investigations, the amounts involved in the bank fraud cases may increase. The largest amount of ₹7,926 crore was siphoned off allegedly by Hydrabad based Transstory India Limited its chairman-cum-managing director Cherukuri Sridhar, former TDP MP and the company’s additional director, Rayapati Sambasiva Rao, and others. The agency registered a case against them earlier this month and conducted searches on their premises.

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