The Central Bureau of Investigation (CBI) on Tuesday searched premises of 13 companies and bank officials across the country for alleged bank frauds amounting to ₹1,139 crore, an agency spokesperson said. The search and seizure was one of the biggest simultaneous, synchronised actions against bank loan defaulters in recent times. The agency has registered 17 cases including three against bank officials. As the search and seizure continued through the day, the figure of alleged frauds was pegged at about to ₹1,139 crore. In Mumbai, the agency searched several premises braving incessant rains and waterlogged streets.

Source: Hindustan Times July 02, 2019 17:03 UTC