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Welcome to Whispers in the Corridors — Politcs. Bureaucracy. Corporate Fresh stories from the corridors of power, delivered daily.
Bureaucracy

CBI books ex-CMD, UCO Bank

The Central Bureau of Investigation (CBI) has registered a case on a complaint from UCO Bank against former CMD, UCO Bank in pursuance of conspiracy defrauded UCO Bank to the tune of Rs. 621 crore (approx.) by diversion and siphoning of the bank loans, without utilizing it for the sanctioned purpose

By Whispers in the Corridors 1 min read
The Central Bureau of Investigation (CBI) has registered a case on a complaint from UCO Bank against former CMD, UCO Bank in pursuance of conspiracy defrauded UCO Bank to the tune of Rs. 621 crore (approx.) by diversion and siphoning of the bank loans, without utilizing it for the sanctioned purpose and produced false end use of certificates issued by the Chartered Accountant, by fabricating business data etc.
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