The Central Bureau of Investigation (CBI) has conducted searches in 13 locations and filed a First Information Report (FIR) in connection with Rs 820 crore that was mistakenly credited to 41,000 UCO Bank account holders through Immediate Payment Service (IMPS) in November. The search operation took place in multiple cities, including Kolkata and Mangalore. The CBI’s action was prompted by a complaint from UCO Bank against two support engineers and other unknown individuals. The agency spokesperson stated that suspicious IMPS transactions totaling approximately Rs 820 crore occurred between November 10 and 13. These transactions involved 14,000 account holders from private banks, with the funds landing in the accounts of UCO Bank customers. Despite originating banks experiencing “failed transactions,” the funds were mistakenly credited to the UCO Bank accounts. The statement from the agency mentioned that approximately Rs 820 crore entered UCO Bank accounts without proper debits from the originating banks’ account holders.
CBI Initiates Case as UCO Bank Accidentally Credits Rs 820 Crore to Customers
