The CBI charged former Chairman-cum-Managing Director RK Dubey and two of the then executive directors of the Canara Bank of cheating and forgery in the alleged loan default of over Rs 68 crore sanctioned in 2013, officials said on Monday, 16 March.
They said the agency has filed chargesheet in the Tis Hazari Court in Delhi against Dubey, the then Executive Directors (Ashok Kumar Gupta and VS Krishna Kumar), and two directors of the Occasional Silver Company Ltd (Kapil Gupta and Raj Kumar Gupta) in the case.
The agency has alleged that the Guptas knew Dubey and used the connection in getting loans.
It is alleged that the CBI has unearthed SMSs from the CMD directing subordinate officers to favour the Kamala Nagar-based company in disbursing the loan, they said and that the loans were disbursed within three months of being sanctioned in December 2013,
The loans became Non-Performing Assets in September 2014, within few months of being disbursed, they said.
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