CBI Examines UCO Bank Accounts: Thousands Opened Around Transfer Dates For Surprise Credits

The CBI is investigating the unexpected crediting of Rs 820 crore in the accounts of UCO Bank customers, focusing on thousands of recipient accounts opened during the period of the transfers, according to officials on Wednesday. The agency is examining a case where more than 41,000 UCO Bank customers received unanticipated credits between 10-13 November, with no corresponding debits in the originating accounts. 

Among various leads, the CBI is also scrutinising "thousands of accounts" opened around the time of the transactions, suspecting their involvement in the suspicious transfers. The nationwide transactions prompted a CBI FIR after UCO Bank filed a complaint against two support engineers and unknown individuals, alleging approximately Rs 820 crore in suspicious transactions. 

Electronic evidence, including mobile phones, laptops, computer systems, email archives, and debit/credit cards, was recovered during searches. The transactions involved IMPS inward transactions from 14,000 account holders across seven private banks, directed to 41,000 UCO Bank account holders, with a total of 8,53,049 transactions, mistakenly posted despite originating banks reporting failed transactions.