• search

CBI raids bank

By Staff
Subscribe to Oneindia News

New Delhi, Feb 22 (UNI) The CBI today conducted raids in 21 places in Ahmedabad, Mumbai and Delhi in connection with the Initial Public Offering scam relating to Yes Bank Ltd and Infrastructure Development Finance Corp.

The searches, which started early this morning, were expected to continue throughout the day, CBI sources said.

The raids were being conducted at 15 places in Ahmedabad, five in Mumbai and one in Delhi.

After Union Finance Minister P Chidambaram promised strict action in Parliament against those involved, CBI registered two cases on a complaint by the Securities and Exchange Board of India against bank officials of Bharat Overseas Bank and Vijaya Bank, financiers and brokers for causing wrongful loss of Rs 32 crore to the exchequer.


For Breaking News from Oneindia
Get instant news updates throughout the day.

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more