CBI Registers Case Against Then Manager of PNB and Others Including Two Companies | Popgen Tech


Bank Fraud - CBI - Case - PNB Manager - Companies - CBI Records Case - taxscasn

The Central Bureau of Investigation has registered a case on a complaint by Punjab National Bank against the then Manager, Punjab National Bank and others including two private companies, unknown Public Servants and private persons regarding the allegations which caused a loss of Rs. 168.59 crore (approx) to Punjab National Bank.

It was alleged that accused in conspiracy with others through illegal and unauthorized use of the Bank’s system, issued 34 fake Bank Guarantees, thereby causing loss to Punjab National Bank to the total amount of Rs. . 168.59 crore (approx).

Searches were conducted at 06 places including NOIDA, Saran, Patna, Tadipatri (Andhra Pradesh), Thoubal (Manipur) in the residential premises and office of the accused which led to the recovery of incriminating documents.

The CBI confirmed that the investigation is continuing.

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