The CBI has registered a case against a senior official of Union Bank of India and five private persons for defrauding the bank of Rs14.28 crore.
The agency has accused general manager at the Central office of the bank S Govindan for extending undue official favours to director of a Kolkata-based private firm Nick Nish Retail Limited, Bharat Jain, official sources said.
"The accused public servant while working as deputy general manager of Union Bank of India, regional office, Kolkata extended undue official favours to a director of a Kolkata based private firm by sanctioning and making available short term loans and Temporary Overdrafts through his other group accounts for the benefit to him," a CBI spokesperson said.
He said during a search conducted at the premises of accused, incriminating documents have been seized.
"These documents revealed that two firms, in whose names credit limits were sanctioned by the accused public servant, were actually run by the Director of a Kolkata based private firm through his employees and relatives," he said.
The spokesperson said all the accounts have turned Non Performing Assets (NPA), resulting in loss of Rs14.28 crore to Union Bank of India, Ezra Street Branch, Kolkata.
Other accused are Pradeep Kumar Hirawat and Pawan Kumar Jain of Vishi Commercial Private Limited, Neera Bhojnagarwala and Gopal Bhojnagarwala of N B Servics of Kolkata, sources said.
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