Former Exec Directors of UCO bank charge sheeted by CBI

CBI has charge sheeted two former Executive Directors of UCO bank, a private firm and two of its Directors for allegedly cheating the bank to the tune of Rs 36 crore by not repaying the loans.
The CBI filed its charge sheet before the Court of Special Judge for CBI cases in Nagpur against Maven Industries Limited, its directors Ashok Kumar Rathi and Kishore Kumar Rathi besides former Executive Directors of UCO bank Bijay Kumar Dutta and Virendra Kumar Dutta among others.
The agency has charged them under IPC provisions related to cheating and provisions of Prevention of Corruption Act.

"CBI had registered a case on March 31, 2015 against the said firm and its Directors and unknown officials of UCO Bank on the allegations that loans were sanctioned in succession in violation of the guidelines of the bank to the accused party who siphoned off the money. The amount involved was Rs 36 crore (approx)," CBI spokesperson R K Gaur said today.