TIA NEWS /
The Central Bureau of Investigation, CBI has registered a case against the then officials of Union Bank of India, Mumbai and others for allegedly allowing cash deposits of about 85 crore rupees post demonetisation in violation of RBI norms.
The case has been registered against the then Deputy General Manager, Ashok Kumar Dhabhai, and the Assistant General Manager, K Shivashankarrao of the bank.
The case was registered against them under sections pertaining to criminal conspiracy, cheating forgery and corruption.It has been alleged that between November 15 and December 26, 2016, huge cash were fraudulently shown as deposited in the accounts of two private firms.
The amounts were further transferred to account of another firm. The Agency said, the cash was deposited in the currency chest of bank in old demonetised currency notes purportedly by representative of the firms in an alleged conspiracy with DGM and AGM of the bank. The CBI also conducted Searches at 12 places including residential and office premises of accused persons which led to recovery of incriminating documents.
