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CBI files chargesheet against UCO bank officials

The CBI has filed a charge-sheet against two senior officials of UCO Bank for alleged cheating in granting cash credit limit to a private company and other individuals thereby causing a loss of Rs 2.5 crore to the bank.

January 19, 2013 / 04:45 PM IST
 
 
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The CBI has filed a charge-sheet against two senior officials of UCO Bank for alleged cheating in granting cash-credit limit to a private company and other individuals thereby causing a loss of Rs 2.5 crore to the bank. The agency has imposed the IPC section related to cheating and forgery among others besides relevant provisions of Prevention of Corruption Act, a CBI spokesperson said on Friday.


The charge-sheet against a former zonal head and chief manager (business head) posted at the bank's zonal headquarters at Indore, a private firm and five others for alleged cheating and forgery has been filed before a special court in Indore, the official said.

"It was alleged that the officials and empanelled lawyer of the bank entered into a criminal conspiracy with proprietor of a private firm and other private persons and cheated the bank to the tune of Rs 250 lakh (approx) by way of facilitating availing of the cash-credit limit on fraudulent and dishonest submission of forged title deeds of diverted land mortgaged in the bank as collateral securities etc," the official said.

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