The CBI on Thursday registered a corruption case against former chairman-cum-managing director of United Bank of India (UBI), Archana Bhargava, and two private companies.
The CBI on Thursday registered a corruption case against former chairman-cum-managing director of United Bank of India (UBI), Archana Bhargava, and two private companies.
Immediately after registering the case, the CBI conducted searches at the residence of the accused persons in Delhi, Noida, Mumbai, Kolkata and Howrah. During the raids, they recovered cash, jewellery and investment details to the tune of over Rs 10 crore, allegedly in her and her family members’ name, they added.
“It was alleged that the then public servant while posted as ED of Canara Bank in the year 2011 and as CMD of United Bank of India in the year 2013 had abused her official position and obtained certain amounts for herself or for a New Delhi based private firm (owned by her husband and her son), from the companies to whom various credit facilities were granted by the banks, where she had worked,” said a senior CBI official.
