The premier investigative agency of the county CBI on Saturday booked former UCO Bank CMD Arun Kaul and others for allegedly cheating the bank to the tune of Rs 621 crore by diversion and siphoning of the bank loans. The agency carried out searches at 10 locations - eight of them in Delhi and two in Mumbai.
Besides Kaul, others booked by the CBI are Era Engineering Infra India Ltd. (M/s EEIL), its CMD Hem Singh Bharana; two chartered accountants -- Pankaj Jain and Vandna Sharda, Pawan Bansal of M/s Altius Finserve Pvt. Ltd.
CBI booked Ex-UCO Bank CMD in Rs 621 Crs cheating case
By IndianMandarins - 2018-04-15 07:40:17
The premier investigative agency of the county CBI on Saturday booked former UCO Bank CMD Arun Kaul and others for allegedly cheating the bank to the tune of Rs 621 crore by diversion and siphoning of the bank loans. The agency carried out searches at 10 locations - eight of them in Delhi and two in Mumbai.
Besides Kaul, others booked by the CBI are Era Engineering Infra India Ltd. (M/s EEIL), its CMD Hem Singh Bharana; two chartered accountants -- Pankaj Jain and Vandna Sharda, Pawan Bansal of M/s Altius Finserve Pvt. Ltd.
