The Central Bureau of Investigation has registered a case on complaint from Punjab National Bank against then Manager, Punjab National Bank and others including two private companies, unknown Public Servants & private persons on the allegations of causing loss of Rs. 168.59 crore (approx) to the Punjab National Bank.
It was alleged that accused in conspiracy with others through illegal & unauthorized usage of the Bank’s system, issued 34 fake Bank Guarantees, thereby causing loss to Punjab National Bank for total amount of Rs. 168.59 crore (approx).
Searches were conducted at 06 locations including NOIDA, Saran, Patna, Tadipatri (Andhra Pradesh), Thoubal (Manipur) at the residential & office premises of accused which led to recovery of incriminating documents.
The CBI confirmed that the investigation is continuing.
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