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UCO bank fraud: CBI to question ex-CMD

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New Delhi : The CBI will soon question former Chairman and Managing Director (CMD) of UCO Bank Arun Kaul in connection with its ongoing probe into an alleged Rs 737 crore bank loan fraud case, officials said on Sunday.

A Central Bureau of Investigation (CBI) official, privy to the investigation, told IANS: “We will summon Kaul for questioning in a day or two.”

Earlier, the agency filed a case against Kaul, Era Engineering Infra India Ltd (EEIL), its CMD Hem Singh Bharana, two chartered accountants – Pankaj Jain and Vandna Sharda – and Pawan Bansal of Altius Finserve Pvt Ltd among others in connection with the alleged Rs 621 crore loan fraud which has caused a loss of over Rs 737 crore to the bank.


The case was filed on the bank’s complaint, which is now part of the FIR.