The agency has imposed IPC section related to cheating and forgery among others besides relevant provisions of Prevention of Corruption Act, CBI spokesperson said here today.
The charge sheet against a former zonal head and chief manager (business head) posted at the bank's zonal headquarters at Indore, a private firm and five others for alleged cheating and forgery has been filed before a special court in Indore, the official said.
"It was alleged that the officials and empanelled lawyer of the bank entered into criminal conspiracy with proprietor of private firm and other private persons and cheated the bank to the tune of Rs 250 lakh (approx) by way of facilitating availing of cash credit limit on fraudulent and dishonest submission of forged title deeds of diverted land mortgaged in the bank as collateral securities etc," the official said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app