Business

CBI Raids 10 Locations In 3 Cities Of Syndicate Bank Over Alleged Rs 1,000 Crore Scam

NEWS WORLD INDIA | 0
21
| March 8 , 2016 , 16:12 IST
[caption id="attachment_144508" align="aligncenter" width="700"]The CBI, last month filed a set of charges in the case, naming Jain, Singhal, the two Godhas, Pahuja and Tiwari as accused in the case. The CBI, last year filed a set of charges in the case, naming Jain, Singhal, the two Godhas, Pahuja and Tiwari as accused in the case.[/caption] CBI on Tuesday carried out searches at 10 locations spread in three cities after registering a case of alleged loan fraud estimated to be around Rs 1000 crore in Syndicate Bank. CBI sources said the searches are being carried out at 10 locations at the residences and official premises of senior executives of the bank and some private individuals allegedly involved in the scam. ALSO READ: Syndicate Bank Ex-CMD, Others Appear Before Courts In Bribery Case They said the case is of allegedly submitting fake documents for the loan purposes. They remained tight lipped about details as the search operation was still going on at Delhi, Jaipur and Udaipur.