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CBI questions 3 officials from Indian banks' branches abroad

Press Trust of India  |  New Delhi 

The CBI today questioned three officials from foreign branches of Indian banks for extending credit facilities to companies of absconding billionaire jewellers and Choksi, officials said today.

Two officials of Canara Bank's branch in Bahrain, including its branch manager, of Bank of India's branch in in were questioned by a CBI team in Mumbai, they said.

The cases pertain to issuance of fraudulent Letters of Undertaking (LoUs) and credit facilities of more than USD 2 billion to companies of and

The branches of and Bank of in and respectively had extended credit facilities to the companies on the basis of the LoUs from Punjab National Bank's Brady House branch in Mumbai, the CBI FIR has alleged.

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

First Published: Wed, April 11 2018. 18:45 IST
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