https://www.taxtmi.com/caselaws?id=460791 Uttarakhand HC issued mandamus directing transfer of investigation to CBI regarding Rs. 34 crores bank fraud case. Court held that frauds in private sector banks involving corruption, malpractices, unauthorized credit facilities, and embezzlement must be properly investigated beyond mere recovery of amounts. Banks should act in public interest, not just expeditious recovery. Investigation of FIR 389/2012 transferred to CBI for fair, impartial probe. CBI authorized to proceed against bank officers if found guilty during investigation. Petition disposed of. en-us Thu, 11 Sep 2014 00:00:00 +0530 Thu, 20 Feb 2025 18:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460791 Uttarakhand HC issued mandamus directing transfer of investigation to CBI regarding Rs. 34 crores bank fraud case. Court held that frauds in private sector banks involving corruption, malpractices, unauthorized credit facilities, and embezzlement must be properly investigated beyond mere recovery of amounts. Banks should act in public interest, not just expeditious recovery. Investigation of FIR 389/2012 transferred to CBI for fair, impartial probe. CBI authorized to proceed against bank officers if found guilty during investigation. Petition disposed of. Case-Laws Indian Laws Thu, 11 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460791