Syndicate Bank fraud: CBI carries out searches

New Delhi: CBI on Sunday carried out searches at10 locations spread in three cities after registering a case of alleged loan fraud estimated to be around Rs 1000 crore in Syndicate Bank.

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.