The Reserve Bank of India has revealed that
over6,800 casesof
bank fraud involving an unprecedented₹71,500 crorewere reported in
2018-19.
This is74% higherthan the amount involved
in 5,916 such cases reported in 2017-18.
Anti-corruption watchdogCentral Vigilance Commission(CVC)
made an analysis and reported on top 100 frauds.
The bank frauds were categorised and analysed
for 13 sectors, including gem and jewellery, manufacturing and industry,
agriculture, media, aviation, service and project, discounting of cheques,
trading, information technology, export business, fixed deposits, demand loan
and letter of comfort.
Central Bureau of Investigation (CBI) and
Enforcement Directorate (ED) are also probing big-ticket bank fraud cases.
In 2018, CBI booked former Aircel promoter C
Sivasankaran, in connection with a Rs 600-crore loan fraud in the IDBI.
MD and CEO of Indian Bank, Kishor Kharat (who
was then MD and CEO of IDBI Bank) and his counterpart in Syndicate Bank, Melwyn
Rego (then deputy managing director in IDBI Bank) along with then
Chairman-cum-Managing Director of IDBI Bank M S Raghavan, have been named in
the latest FIR filed by the CBI.
