The CBI has filed an FIR in a case involving over 41,000 UCO Bank clients obtaining surprise Rs 820 crore credits without debits. The money was deposited through 8.53 lakh IMPS transactions from 14,000 private bank account holders.
On Tuesday, officials claimed the CBI had filed a FIR after over 41,000 UCO Bank customers received surprise credits of various sums totaling Rs 820 crore in their accounts from November 10-13 without any corresponding debits in their accounts.
They said the agency scoured 13 places in several cities, including Kolkata and Mangalore, for the case until Tuesday.
According to officials, 8.53 lakh Immediate Payment Service (IMPS) transactions from 14,000 private bank account holders reached UCO Bank clients in three days.
They reported that the original bank accounts were not debited. Officials said several account had withdrawn the surprise credits.
They said UCO Bank filed a CBI FIR against two support engineers and other unnamed persons for “suspicious” IMPS transactions totaling Rs 820 crore nationwide.
The CBI spokeswoman added “mobile phones, laptops, computer systems, email archives, and debit or credit cards were recovered” during the searches.
He claimed 41,000 UCO Bank account holders received IMPS inward transactions from 14,000 account holders across seven private banks between November 10 and 13.
“It was further alleged that this intricate network involved a staggering 8,53,049 transactions, and these transactions were mistakenly posted in UCO Bank account-holders records, despite the originating banks registering failed transactions,” a spokesman.
He also claimed that some account holders took advantage of this situation to illegally withdraw monies from UCO Bank through various banking channels.
Conclusion
The CBI has filed a FIR after over 41,000 UCO Bank clients received surprise credits of Rs 820 crore between November 10-13 without any debits in their accounts. The money reached UCO Bank clients in three days via 8.53 lakh Immediate Payment Service (IMPS) transactions from 14,000 private bank account holders. The surprise credits were withdrawn by several account holders. UCO Bank filed a CBI FIR against two support engineers and other unknown parties for “suspicious” IMPS transactions totaling Rs 820 crore nationwide. The CBI spokesperson reported that 14,000 IMPS inward transactions from seven private banks were sent to 41,000 UCO Bank account holders between November 10 and 13.
