CBI to soon start investigation into 12 cases of high-profile bank fraud
The Central Bureau of Investigation (CBI) will soon begin its investigation into 12 high profile cases of bank fraud totalling Rs 13,048 crore as the Maharashtra government has decided to give consent to the central agency to proceed with its work. The agency is also expecting a go-ahead from the state government to investigate three separate loan fraud cases of Rs 987 crore, Rs 569 crore and Rs 529 crore against IL&FS Energy Development Company Ltd, IL&FS Transportation Networks Ltd and IL&FS Maritime Infrastructure Company Ltd, respectively. The agency said Yes Bank is the complainant in all three cases related to the IL&FS Group.