Why did the CBI take over a ₹5,717 crore bank fraud case against 28 people accused of deliberately defaulting on loans
CBI takes over ₹5,717 crore bank fraud case against 28 people accused of deliberately defaulting on loans
- The CBI took over the ₹5,717 crore bank fraud case to investigate the alleged deliberate default on loans by 28 individuals.
- The case was transferred to the CBI by the Union Bank of India, which had declared the borrowers as willful defaulters.
- The accused individuals are suspected of availing loans from the bank using fake documents and then diverting the funds for personal gains instead of using them for their intended purposes.
- The CBI will probe the role of the accused in the financial fraud, gather evidence, and conduct a thorough investigation to ensure accountability and recover the misappropriated funds.
- By taking over the case, the CBI aims to bring the perpetrators of financial crimes to justice and prevent such fraudulent activities in the future.
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a year ago