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TM Bhasin - Bank Fraud Board
August 27 , 2019
1789 days
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- The Central Vigilance Commission has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud of over 50 crore rupees and recommend action.
- The four-member board will be headed by former Vigilance Commissioner T M Bhasin.
- The banks will refer all large fraud cases above 50 crore rupees to ABBF.
- This will function as the first level of examination of all large fraud cases before interference of investigative agencies.
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