इंडियन आवाज़     19 Oct 2018 11:26:19      انڈین آواز

CBI books former UCO bank Chairman Arun Kaul in loan fraud


CBICBI has booked former UCO Chairman-cum-Managing director Arun Kaul and others in connection with an alleged 621-crore rupees loan fraud which caused a loss of over 737 crore rupees to the bank.

The agency carried out searches at 10 locations in Delhi and Mumbai yesterday.

The CBI also booked Era Engineering Infra India Ltd, its CMD, two chartered accountants and other unidentified persons.

It is alleged that the accused persons in pursuance of a criminal conspiracy defrauded the UCO Bank by diversion and syphoning off the bank loans.

Kaul, who was the CMD of a Kolkata-based bank between 2010 and 2015, allegedly facilitated the accused company in obtaining the loan.

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