The The Central Bureau of Investigation said on Thursday it has uncovered a massive fraud worth ₹820 crore involving unauthorised transactions into accounts at UCO Bank, adding that it had carried out raids at 67 locations in seven cities in Rajasthan and Maharashtra. The agency identified two engineers --- Avishek Srivastava and Supriya Mallick of LCode Technologies --- for having …
The Central Bureau of Investigation is conducting searches at over 67 locations in connection with Rs 820-crore IMPS scam in the UCO Bank, officials informed on Thursday. It was alleged that between 10.11.2023 to 13.11.2023, 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 …
The Central Bureau of Investigation has registered an FIR in connection with Rs 820 crore worth of suspicious Immediate Payment Service transactions in UCO Bank in November this year and searched 13 locations across multiple cities in the country. "It was alleged that between 10th November 2023 and 13th November 2023, IMPS inward transactions originating from 14000 account holders across …
UCO Bank on Thursday said it has recovered ₹649 crore or 79% of the ₹820 crore erroneously credited to some account holders of the bank via Immediate Payment Service. In a regulatory filing, the bank said that by taking various proactive steps, it blocked the recipients' accounts and has been able to recover ₹649 crore out of ₹820 crore. “It …
