The Central Bureau of Investigation, CBI has registered a case against former senior officers of Syndicate Bank and others for allegedly causing a loss of about 209 crore rupees to the bank by way of cheating.
According to the CBI, a case of criminal conspiracy, cheating, forgery and corruption has been registered against two former Assistant General Managers and two former Chief Managers of the bank.
It alleged in the complaint that the accused in criminal conspiracy with each other availed home loans and credit facilities from Jaipur and Udaipur branches of Syndicate Bank on the basis of forged documents.
The investigating agency also conducted searches at four places including Jaipur and Ajmer at the residential and official premises of accused persons.