Banking glitch or scam: UCO Bank customers get surprise credit of Rs 820 cr; CBI files FIR
New Delhi, Dec 5: The CBI has registered an FIR in a case in which over 41,000 UCO Bank customers received surprise credits of varied amounts in their accounts, totalling Rs 820 crore, during November 10-13 without any corresponding debits in accounts from where the transfers originated, officials said on Tuesday.
Under an operation, which continued till Tuesday, the agency has searched 13 locations in multiple cities, including Kolkata and Mangalore, in connection with the case, they said.
The money landed in accounts of UCO Bank customers through 8.53 lakh Immediate Payment Service (IMPS) transactions originating from 14,000 account holders of private banks in three days, the officials said.
Surprisingly, no corresponding amount was debited from the originating bank accounts, they said. Several account holders withdrew the surprise credits from their accounts, the officials said.
The countrywide transactions resulted in a CBI FIR after UCO Bank approached the central probe agency with a complaint against two support engineers working with it and other unknown persons on allegations of "suspicious" IMPS transactions amounting to approximately Rs 820 crore, they said.
"During the searches, electronic evidence, including mobile-phones, laptops, computer systems, email archives, and debit or credit cards were recovered," the spokesperson of the Central Bureau of Investigation (CBI) said.
Between November 10 and November 13, IMPS inward transactions from 14,000 account holders across seven private banks were directed to 41,000 UCO Bank account holders, he said.
"It was further alleged that this intricate network involved a staggering 8,53,049 transactions, and these transactions were mistakenly posted in UCO Bank account-holders records, despite the originating banks registering failed transactions," the spokesperson said.
He said it was also alleged that several account holders exploited this situation, illicitly withdrawing funds from UCO Bank through various banking channels, thereby benefiting wrongfully from the transaction.
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Businessman burnt to death as moving car catches fire in Noida
Noida (PTI): A 46-year-old businessman was burnt to death after his moving car caught fire in Uttar Pradesh’s Gautam Buddha Nagar district, police said on Tuesday.
According to police, the victim was identified as Rajkumar Singhal, who was engaged in the paint business. The incident occurred late on Monday night near Sorkha village under the Sector 113 police station area.
Station House Officer Krishna Gopal Sharma said Singhal was driving towards Parthala Chowk when his vehicle suddenly caught fire for reasons yet to be ascertained.
Singhal was unable to get out of the car and died in the blaze, the SHO said.
Fire tenders reached the spot after receiving information, but the car had already been gutted, police said. The body has been sent for post-mortem examination and an investigation is underway.
Police suspect the presence of paint or other inflammable material in the car may have caused the fire to spread rapidly.
