Scam 2020: SBI and Canara Bank cheated of Rs 82000 crore, CBI registers two cases

New Delhi, 19/12: SBI and Canara bank has registered cases with the Central Bureau of Investigation regarding frauds of Rs 7,926.01 crore and Rs 313.79 crore, respectively.

Canara Bank registered the case against a Hyderabad based private company, its CMD, additional Directors, unknown public servants, and others. The second case was registered against a private company in Chennai, along with its chairman, directors, and others on a complaint by the State Bank of India.

The CBI has conducted searches both in Hyderabad and Chennai and recovered documents related to the frauds against the banks.

Frauds against Indian Banks have been going on for the last three decades, the trend that began in 1992 still carries on. Let’s hope one day our banks don’t face such fraudulent customers.