Bank Lootere

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In January 2017, former IDBI Bank Chairman Yogesh Agarwal, Deputy Managing Director BK Batra and three other senior executives were arrested by the Central Bureau of Investigation (CBI) in connection with the Vijay Mallya / Kingfisher loan default case.

CBI booked former United Bank of India (UBI) Chairman & Managing Director Archana Bhargava in March 2018, for amassing assets worth ₹3.6 crores, which were found disproportionate to her known sources of income.

In the same month, CBI filed a case of criminal conspiracy, cheating and forgery, in a matter pertaining to loan defaults of ₹68 crores, against then Canara Bank Chairman & Managing Director RK Dubey and then Executive Directors Ashok Kumar Gupta and VS Krishna Kumar.

In April 2018, CBI booked former UCO Bank Chairman & Managing Director Arun Kaul in connection with a ₹621 crores loan fraud by Era Engineering Infra India.

In the same month, three former senior executives of IDBI Bank, Kishor Kharat, Melwyn Rego and MS Raghavan, were named in the CBI chargesheet in the ₹600 crores Aircel loan default case.

In May 2018, the CBI named former CEO of Punjab National Bank (PNB), Usha Ananthasubramaniam, as well as former Executive Directors KV Brahmaji Rao and Sanjiv Sharan, in a chargesheet pertaining to the Nirav Modi case.

Today, the Economic Offences Wing of Pune Police arrested Bank of Maharashtra Chairman Ravindra Marathe and former Chairman Sushil Muhnoot, Executive Director Rajendra Gupta, and three others, for extending fraudulent loans to the Pune-based DSK Group.

For all those who say that the Narendra Modi government is not doing enough to go after scams and black money, can they tell me/us how many senior executives of Public Sector Banks (PSBs) were arrested in the 10-years of UPA government?

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