CBI registers 42 new fraud cases amounting to Rs 7,200 cr across 15 banks
CBI registers 42 new fraud cases amounting to Rs 7,200 cr across 15 banks Last month, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. Current Affairs :India’s government police said on Tuesday that they had enlisted 42 new instances of bank extortion adding up to about Rs 72 billion ($1.02 billion) in the wake of leading quests in 187 places the nation over. The essentially credit extortion cases were identified at 15 banks, including the nation’s biggest state-run loan specialist – State Bank of India, as indicated by an announcement by the Central Bureau of Investigation. State Bank of India was not promptly accessible for input outside business hours. The police said of the 42 cases, four included an extortion measure of more than Rs 10 billion each. Various extortion cases have become known at both state-run and private banks in India in the course...