As many as 861 bank advance related fraud cases of Rs 1 lakh and more, involving Rs 4,920 crore, were reported in the first half of the current fiscal.
In the last fiscal, 1,651 such cases were reported that involved an amount of Rs 11,083.11 crore, Minister of State for Finance Jayant Sinha said in written reply in Lok Sabha.
"On receipt of fraud reports from banks, various aspects related to the frauds are examined and concerned banks are advised to report the case to CBI/ Police/Serious Fraud Investigation Office and take further action against the companies and the persons involved," Sinha added.
To another question, he said the CBI registered as many as 723 cases related to economic offences between 2012 and November 2015.
The Directorate of Enforcement registered 572 cases under Foreign Exchange Management Act (FEMA) and 65 under Prevention of Money Laundering Act during April and October period of the current fiscal.
