📷 Image: Wikimedia Commons / Ministry of Home Affairs
Crime
CBI Launches Search Operations in Odisha Over Canara Bank Fraud Scandal
✍️ BW Police World
🗓 25 Jul 2026, 10:08 AM
👁 1
The Central Bureau of Investigation (CBI) has begun search operations in Odisha linked to a Canara Bank fraud case involving a sum of Rs.1109 crore.
The Central Bureau of Investigation (CBI) has initiated search operations in the state of Odisha as part of its probe into a fraud case involving Canara Bank. The investigation centers on allegations that a large sum—reported as Rs.1109 crore—was misappropriated through illicit banking channels.
CBI officials conducted searches at several locations in Odisha, including bank premises and private residences, to gather evidence and identify individuals implicated in the scheme. The agency is also coordinating with local police and banking regulators to trace the flow of the funds.
Canara Bank has not yet issued a statement regarding the allegations, but industry analysts suggest that the case could have significant implications for banking oversight in the region. The CBI has indicated that it will continue its investigations until all relevant documents and accounts are examined.
The search operation marks a key development in the ongoing crackdown on financial frauds across India, underscoring the central agency’s commitment to safeguarding the banking sector’s integrity.
CBI officials conducted searches at several locations in Odisha, including bank premises and private residences, to gather evidence and identify individuals implicated in the scheme. The agency is also coordinating with local police and banking regulators to trace the flow of the funds.
Canara Bank has not yet issued a statement regarding the allegations, but industry analysts suggest that the case could have significant implications for banking oversight in the region. The CBI has indicated that it will continue its investigations until all relevant documents and accounts are examined.
The search operation marks a key development in the ongoing crackdown on financial frauds across India, underscoring the central agency’s commitment to safeguarding the banking sector’s integrity.