The Central Bureau of Investigation (CBI) on Tuesday carried out raids at branches of Syndicate Bank in multiple cities in connection with an alleged Rs 1000 crore scam.
The raids were conducted at 10 locations spread in Delhi, Jaipur and Udaipur after the CBI registered a case of alleged loan fraud.
CBI sources said the searches are being carried out at 10 locations at the residences and official premises of senior executives of the bank and some private individuals allegedly involved in the scam.
They said the case is of allegedly submitting fake documents for the loan purposes. They remained tight lipped about details as the search operation was still going on at Delhi, Jaipur and Udaipur.
The scam involves forging of cheques worth Rs 1000 crore.
(With PTI Inputs)
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