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  India   All India  19 Mar 2018  CBI files chargesheet against former Canara Bank official over loan default

CBI files chargesheet against former Canara Bank official over loan default

ANI
Published : Mar 19, 2018, 8:20 pm IST
Updated : Mar 19, 2018, 8:20 pm IST

The accused allegedly cheated the Canara Bank to the tune of approximately Rs 68.38 crore.

Besides Dubey, the chargesheet has been filed against five officials of the Canara Bank and a Delhi-based private company Occasions Silver Private limited and its two Directors Kapil Gupta and RK Gupta. (Photo: PTI)
 Besides Dubey, the chargesheet has been filed against five officials of the Canara Bank and a Delhi-based private company Occasions Silver Private limited and its two Directors Kapil Gupta and RK Gupta. (Photo: PTI)

New Delhi: The Central Bureau of Investigation (CBI) on Monday filed chargesheet against RK Dubey, former Chairman and Managing Director of Canara Bank, in a case pertaining to a loan default.

Besides Dubey, the chargesheet has been filed against five officials of the Canara Bank and a Delhi-based private company Occasions Silver Private limited and its two Directors Kapil Gupta and RK Gupta.

 

The accused allegedly cheated the Canara Bank to the tune of approximately Rs 68.38 crore.

The CBI had earlier in 2016, registered a case against Occasions Silver Private limited and its directors.

"It was alleged that the said private company, dealing in wholesale and retail trading of silver jewellery and articles, diamond, gold jewellery, imitation jewellery, gift items, crockery items etc. had cheated Canara Bank to the tune of Rs 68.38 crore through its accounts at Kamla Nagar, New Delhi branch of the Canara Bank. The loan was sanctioned in December 2013 and disbursed within the next three months," read an official statement.

The probe agency has revealed that there was an alleged nexus between the bank officials with the borrower which led to the perpetration of the fraud.

 

Tags: cbi, canara bank, occasions silver private limited, loan default, pnb fraud
Location: India, Delhi, New Delhi