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PNB fraud: Finance Ministry initiates action against Allahabad Bank CEO

IANS  |  New Delhi 

The on Monday started the process of removing and MD from her post after the CBI filed a chargesheet detailing her alleged role in the over Rs 13,000-crore (PNB) scam.

Ananthasubramanian, who was the MD and of PNB from August 2015 to May 2017, was quizzed by the (CBI) in February in connection with the case. On Monday, CBI filed the chargesheet in the case mentioning her role.

A told IANS that the (DFS) had asked the in the to come up with a proposal before the board to strip Ananthasubramanian of her powers.

He said that the board would take the final call on the proposal.

The added that similar action was also intiated against two Directors of the PNB.

"DFS has started action for removing and dismissing the accused officials. The departmental inquiry will continue against them separately," he said.

Earlier, the CBI filed a chargesheet against Ananthasubramanian and 21 others, including 11 bank officials, over the PNB fraud case allegedly perpetrated by diamantire and his uncle

The agency has also named PNB Directors and Sanjiv Sharan, and (International Operations) Nehal Ahad in its chargesheet filed before a special CBI court here.

So far, 19 people have been arrested in the case while Modi and Choksi are on the run.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 19:06 IST
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