CBI Files Charge Sheets Against Senior Bank Officials

CBI has filed charge sheets in four cases registered by it last year against senior officials of a public sector bank and a private company for allegedly receiving kickbacks in sanctioning of loans.

Chargesheets have been filed against former LIC Housing finance CEO Ramchandra Nair, the then General Manager of Bank of India R N Tayal, the then Deputy General Manager of Punjab National Bank Venkoba Gujjal and Rajesh Sharma, Chairman and Managing Director of private financial services firm Money Matters.

The charge sheets also named two employees of Money Matters - Sanjay Sharma and Suresh Gattani - as accused.

According to CBI, the accused bank officials colluded with the private company to sanction large loans to housing firms, overriding mandatory conditions for such approvals.

They were also gathering confidential business information from financial institutions.

From: http://ping.fm/5OCU5