Mangaluru, Dec 6: The Central Bureau of Investigation (CBI) has initiated searches at 13 locations, including Mangaluru, in connection with alleged Immediate Payment Service (IMPS) irregularities totaling Rs 820 crore in UCO Bank accounts. The CBI’s inquiry involves questioning individuals, including private individuals and bank officials, and conducting investigations at various locations in Kolkata and Mangaluru.
Search Operations and Seized Items: During the searches, the CBI took custody of various items, including mobile phones, laptops, computer systems, email archives, debit and credit cards, and other electronic devices. The action was carried out based on a case registered following a complaint from UCO Bank.
Nature of the Allegations: The case revolves around suspicions of irregular IMPS transactions, with allegations pointing to two assistant engineers of the bank and other individuals. It is claimed that an amount of Rs 820 crore was transferred between November 10-13 from 14,000 accounts held by private bank account holders to 41,000 UCO Bank accounts through internal IMPS transactions. Some account holders who noticed sudden inflows have reportedly withdrawn the amounts.
Ongoing Investigations: The CBI has stated that investigations are being conducted comprehensively, exploring all dimensions of the alleged IMPS irregularities. The case raises concerns about the security and integrity of digital transactions, highlighting the need for robust measures to prevent fraudulent activities in the banking sector.