NEW DELHI: The Central Bureau of Investigation (CBI) on Wednesday raided 67 locations in seven cities of Rajasthan and Maharashtra as part of its probe in connection with the Rs 820 crore IMPS scam linked to UCO Bank.The central agency has been probing 8,53,049 IMPS (Immediate Payment System) transactions that took place between November 10 and November 13 last year in UCO Bank.”IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully posted in the accounts of over 41,000 UCO Bank account holders. This resulted in Rs 820 crore being credited to UCO Bank accounts without actual debiting from the originating banks,” the CBI spokesperson…
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UCO Bank CBI Raid: UCO Bank Rs 820cr IMPS scam: CBI raids 67 locations across 7 cities | India Business News
