CVC recommends prosecution of two EXIM bank officials

The CBI had sought sanction to prosecute the officials for their alleged involvement in a corruption case

The Central Vigilance Commission has recommended prosecution of two senior executives of Export Import Bank of India (EXIM bank), the country's premier export finance institution, for their alleged involvement in a corruption case being probed by the CBI.

The Commission advised issuance of sanction for prosecution in respect of two officials last month, it said in its monthly performance report.

The CBI had sought sanction to prosecute the officials, who are now working at the level of Chief General Manager and Assistant General Manager, for their alleged involvement in a corruption case. The CVC has approved the agency's request and asked the bank to give approval to prosecute the two, a senior CVC official said.

The probity watchdog has also advised major penalty against 107 officials, including 16 working with Bank of India, 11 in Oriental bank of Commerce and ten in Punjab National Bank, the CVC said.

Besides, CVC has also advised slapping major penalties on seven officials each of Canara Bank and Central Board of Excise and Customs, six each of Bank of Baroda, State Bank of Bikaner and Jaipur, Railway Ministry, Delhi Development Authority and HMT Ltd, and five officials each in Central Bank of India and Corporation Bank.

The Commission had processed 2,009 complaints (including 50 whistle blower complaints) last month and sought investigation report in six complaints from the concerned ministries, the report said.

It effected recovery of Rs 1.71 crore during May after conducting technical examination of procurement and other works done by ten government departments, the Commission said.