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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, they said.
”During the searches, electronic evidence, including mobile-phones, laptops, computer systems, email archives, and debit or credit cards were recovered,” the spokesperson of the Central Bureau of Investigation (CBI) said. Between November 10 and November 13, IMPS inward transactions from 14,000 account holders across seven private banks were directed to 41,000 UCO Bank account holders, he said.
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He said it was also alleged that several account holders exploited this situation, illicitly withdrawing funds from UCO Bank through various banking channels, thereby benefiting wrongfully from the transaction.