More than 50 searches in the two states

The CBI has launched 67 searches across 7 cities of Maharashtra and Rajasthan in
connection with the multi-crore IMPS scam in UCO Bank, said officials today. The case
involves the INR 820 Crore IMPS scam in one of the biggest national banks of the
country. It pertains to over 8,53,049 IMPS (Immediate Payment System) transactions
that took place between November 10 and November 13 last year in the 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 INR 820 crore being credited to UCO Bank accounts without actual debiting
from the originating banks,” the spokesperson from CBI said.
The searches in states of Maharashtra and Rajasthan conducted on Wednesday were
made on those who received the money, and thereafter withdrew the amounts instead
of returning it to the bank, officials said. This is the second round of searches, the first
having been made in December last year. “Earlier in December 2023, searches were
conducted at 13 locations involving private individuals and UCO Bank officials in

Kolkata and Mangalore,” said the spokesperson

More than 300 police personnel on the job
Over 330 police personnel, that included 120 from Rajasthan Police in 40 teams and 80
independent witnesses were involved in the action spread across multiple cities
including Jodhpur, Jaipur, Jalore, Nagaur, Barmer, Phalodi) and Pune (Maharashtra).
“During these operations, approximately 130 incriminating documents related to UCO
Bank and IDFC, as well as 43 digital devices (including 40 mobile phones, 2 hard disks,
and 1 internet dongle) were seized for forensic analysis,” said the spokesperson.
“Additionally, 30 suspects were also found and examined on the spot,” he added.