New Delhi: The CBI has registered an FIR in a case in which over 41,000 Uco Bank customers received surprise credits of varied amounts in their accounts, totalling Rs 820 crore, during November 10-13, officials said on Tuesday.
Under an operation, which continued till Tuesday, the agency has searched 13 locations in multiple cities, including Calcutta and Mangalore, in connection with the case, they said.
The money landed in the accounts of Uco Bank customers through 8.53 lakh Immediate Payment Service (IMPS) transactions originating from 14,000 account holders of private banks in three days, the officials said.
Surprisingly, no corresponding amount was debited from the originating bank accounts, they said. Several account holders withdrew the surprise credits from their accounts, the officials said.
The countrywide transactions resulted in a CBI FIR after Uco Bank approached the central probe agency with a complaint against two support engineers working with it and other unknown persons on allegations of “suspicious” IMPS transactions amounting to approximately Rs 820 crore.
India’s central bank has told peer-to-peer lending platforms to halt certain activities after inspections found rule violations and misleading sales practices, four sources with direct knowledge of the matter said.
The Reserve Bank of India conducted inspections of at least 10 lenders in the fast-growing sector between June and September, said the sources, all industry executives. They declined to be identified because discussions with the regulator are not public. PTI and Reuters