Comments
The CBI on Friday searched the residences of six former and current officials of IDBI Bank in connection with the alleged loan fraud to the tune of ₹600 crore.
The investigation agency booked cases against BSE Chairman S Ravi and the heads of two public sector banks, officials said.
The officials whose residences were searched included Amita Narayan, the then CGM of the credit committee of IDBI Bank; RK Bansal, then member of the credit committee, and SK Srinivasan, the then executive director, among others.
In an FIR registered based on a complaint from the Central Vigilance Commission, the CBI has named 15 IDBI Bank officials who worked at senior levels between 2010 and 2014.
BSE Clarification
In a statement to the NSE on April 29, 2018, BSE Ltd has clarified that "S. Ravi serves as an Independent Director on the board of IDBI Bank Limited. The aforesaid issue name in the FIR filed by CBI is not related to BSE or his chairmanship in BSE or its workings in any way."
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.