Archive · 12 Aug 2025
CBI Investigates Rs 120 Crore Bank Fraud in Tamil Nadu
The CBI, which investigates financial crimes, is looking into a case where a company in Kanchipuram, along with others, is suspected of committing a bank fraud.
They are accused of taking about 120.84 crores from Indian Overseas Bank in ways that weren't allowed.
The CBI is investigating the case after receiving a complaint from the bank.
The alleged offenses include taking money improperly, hiding the use of funds, and creating false records.
The CBI searched multiple places in Tamil Nadu, including homes and businesses, and found documents and digital evidence related to the case.
CBI is investigating a Rs 120.84 crore bank fraud case.
The case involves a Kanchipuram-based company and unknown public servants.
The investigation stems from a complaint filed by Indian Overseas Bank, Chennai.
Searches were conducted at six locations in Tamil Nadu.
Incriminating documents and digital evidence were recovered during the searches.
- Who
- CBI is investigating a Kanchipuram-based company, associated entities, unknown public servants, and related parties; Indian Overseas Bank, Chennai filed the complaint.
- What
- CBI is investigating a Rs 120.84 crore bank fraud involving a Kanchipuram-based company.
- When
- Not explicitly stated in the article.
- Where
- Tamil Nadu, India.
- Why
- The company and associated entities are suspected of criminal conspiracy, cheating, criminal breach of trust, misappropriation of property, and forgery, causing wrongful loss to Indian Overseas Bank.
- Agency
- CBI
- Bank
- Indian Overseas Bank
- Location
- Tamil Nadu, India
- Amount
- Rs 120.84 crore
- Complaint Filed By
- Indian Overseas Bank, Chennai
- Offenses
- Criminal conspiracy, cheating, criminal breach of trust, misappropriation of property, and forgery
- Searches Conducted
- Six locations in Tamil Nadu
