Banking Fraud

CVC sets up a committee to examine bank fraud above Rs 50 cr

The Central Vigilance Commission (CVC) has formed an Advisory Board for Banking Frauds (ABBF). Composition of the Advisory Board for Banking Frauds: The ABBF will be headed by former Vigilance Commissioner T M Bhasin. The purpose of this board will be to examine bank fraud over ₹ 50 crore and recommend action. Other members of the panel are Madhusudan Prasad – former Urban Development Secretary, D K Pathak – former Director-General ofRead More