CBI sets up group to deal with financial frauds
The Central Bureau of Investigation (CBI) on Wednesday announced the formation of a working group that will coordinate with various financial institutions for curbing financial frauds. “We investigated 171 cases of bank frauds in 2015 involving funds of ₹20,646 crore. In addition, we are also investigating ponzi schemes involving funds of over ₹1.20 lakh crore,” CBI Director Anil Sinha informed.