Gold Silver Reports — CBI registers Case Against ex-CMD of Canara Bank — CBI has registered a case against former chairmancum-managing director of Canara Bank RK Dubey for allegedly allowing deviations in sanctioning credit limits to a company during his tenure as executive director at Central Bank of India.
CBI sources said the complaint was received against Dubey , who retired as CMD of Canara Bank, alleging that he conspired with two directors to allow deviations in sanctioning credit facilities to the . 13.5 crore.tune of ` The case has been registered under IPC Section related to Criminal Conspiracy and provisions of Prevention of Corruption Act involving criminal misconduct by a public servant, CBI sources said.
The sources claimed the deviations were in violation of the laid down rules and regulations.
“The firm turned defaulter in repayment of the loan to the tune of Rs 6.9 crore (approx) to the bank and corresponding wrongful gain to the said company,“ CBI Spokesperson R K Gaur said. — Neal Bhai Reports