CBI FILES FOUR CHARGESHEETS AGAINST A SENIOR MANAGER OF THE UNION BANK OF INDIA & OTHERS AND ANOTHER CHAREGSHEET AGAINST ASSISTANT MANAGER OF CENTRAL BANK OF INDIA UNDER RELEVANT SECTIONS OF IPC & PC ACT

Press Release
New Delhi , 03-11-2011

The Central Bureau of Investigation has filed four separate chargesheets against the then Sr. Manager, Union Bank of India, Service Branch, Indore and two other private persons in the Court of Special Judge, CBI, Indore U/s 120-B r/w 409, 420 & 477-A of IPC and Section 13(2) r/w 13(1) (c) & (d) of PC Act 1988 for causing a loss of Rs. 54.99 lakh (approx) to the bank.

The CBI had registered a case on 17.03.2010 against Sr. Manager, Union Bank of India, Service Branch, Indore and others U/s 120-B r/w 409, 420 & 477-A of IPC and Section 13(2) r/w 13(1) (c) & (d) of PC Act 1988 on the allegations that Sr. Manager, Union Bank of India, Service Branch, Indore during the period July 2006 to 03/01/2010 entered into criminal conspiracy with Proprietor of Bhopal based currier company & proprietor of Indore based private company and caused wrongful loss to the tune of Rs. 54.99 lakh (approx) to the Bank and corresponding gain to themselves & other private persons. It was further alleged that the accused Sr. Manager also fraudulently diverted the funds from various customers accounts to saving bank account maintained at Union Bank of India, M.G. Road Branch, Indore to his account and in the account of one private person.

After thorough investigation, CBI filed charge sheet against them.

In another case, the Central Bureau of Investigation has filed a chargesheet against the then Assistant Manager, Central Bank of India, Arera Hills Branch, Bhopal in the Court of Special Judge, CBI, Bhopal U/s 13(2) r/w 13(1) (e) of PC Act 1988 for possession of disproportionate assets. A case was registered against him on 29.10.2010 u/s 13(2) r/w 13(1)(e) of PC Act 1988 on the allegations that while working as Assistant Manager, Central Bank of India, Arera Hills Branch, Bhopal, he had acquired assets amounting to Rs.1,41,94,100/- (approx) to his known sources of income in his name and in the name of his family members & others during check period from 1.1.2002 to 10.2.2010.

After thorough investigation, CBI filed the chargesheet against him.

The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.


***