CBI REGISTERS A CASE AGAINST THEN BRANCH MANAGER, BANK OF MAHARASHTRA AND FIVE OTHERS FOR CAUSING LOSS OF RS.1.78 CRORES(APPROX) TO BANK

Press Release
New Delhi , 25.06.2012

            The Central Bureau of Investigation has registered a case U/s 120-B, 420, 467, 468 & 471 of IPC and U/s 13(2) r/w 13(1)(d) against the then Branch Manager, Bank of Maharashtra, Leader Road, Allahabad(UP) and 05 other private persons. It was alleged that the accused sanctioned & disbursed the housing loans fraudulently.The bank money to the tune of Rs.1.78 crores(Approx) was allegedly misappropriated.

 

            Searches were today conducted at the residential premises of accused persons at Lucknow; Allahabad and Bhadohi(UP) which led to recovery of incriminating documents.

 

            Further investigation is continuing.

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