There has been a significant reduction in fraud cases of more than Rs 100 crore in the banking sector.
There has been a significant reduction in fraud cases of more than Rs 100 crore in the banking sector. The amount stuck in such cases in 2021-22 has been Rs 41,000 crore, which was Rs 1.05 lakh crore in the previous financial year.
More than Rs 100 crore in the banking sector Fraud (Bank Fraud) There has been a significant reduction in cases. The amount stuck in such cases in 2021-22 has been Rs 41,000 crore, which was Rs 1.05 lakh crore in the previous financial year. This information was given in official figures. It was stated that private (Private) and public sector (Public Sector) Fraud cases have come down to 118 in banks in 2021-22 from 265 in 2020-21. public sector banks (Banks) The number of cases of embezzlement amounting to more than Rs 100 crore has come down from 167 to 80. Whereas, in private sector banks such cases came down from 98 to 38.
The amount involved in fraud cases in respect of public sector banks has come down to Rs 28,000 crore from Rs 65,900 crore in 2020-21. For private sector banks, this amount came down to Rs 13,000 crore from Rs 39,900 crore.
Big bank fraud happened earlier this year
Earlier this year, the biggest bank fraud of Rs 22,842 crore took place in the State Bank of India (SBI), carried out by ABG Shipyard and its promoters.
This amount is more than the Rs 14,000 crore fraud committed by Nirav Modi with Punjab National Bank. Last month, the Central Bureau of Investigation (CBI) had registered a case of bank fraud of Rs 34,615 crore against Dheeraj Wadhawan, former chairman and managing director and director of Dewan Housing Finance Limited, and others.
Officials had said that the CBI is searching 12 locations of the accused in Mumbai. The investigative agency Dewan Housing Finance Corporation Ltd. (DHFL), the then chairman and managing director Kapil Wadhawan, director Dheeraj Wadhawan and six realty sector companies for allegedly engaging in a criminal conspiracy with a consortium of banks led by Union Bank of India to the tune of Rs 34,615 crore. A case was registered regarding The CBI took action on the basis of a complaint received from the bank on February 11, 2022. The Wadhawan brothers are currently under the scanner of the CBI in the alleged corruption case.
This is the biggest bank fraud case ever. Earlier, a case of bank fraud of Rs 23 thousand crore was registered on ABG Shipyard.
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