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CBI arrests Deputy General Manager of Punjab National Bank in graft case

The CBI has arrested a Deputy General Manager of Punjab National Bank after registering a case against him and directors of three private financial firms for allegedly violating rules in granting loans to companies. The PNB official, Venkoba Gujjal, also an accused in the multi-crore kickbacks-for-loans scam, was arrested by the agency after another case was registered against him and directors of the three private financial firms, officials sources said.

The CBI has arrested a Deputy General Manager of Punjab National Bank after registering a case against him and directors of three private financial firms for allegedly violating rules in granting loans to companies. The PNB official, Venkoba Gujjal, also an accused in the multi-crore kickbacks-for-loans scam, was arrested by the agency after another case was registered against him and directors of the three private financial firms, officials sources said.

According to the CBI, Gujjal allegedly took a bribe of Rs 20 lakh from three companies– Portfolio Financial Services, Imperial Financial Services and Temptation Foods — to facilitate loans to their client firms.

Gujjal was arrested on April 13 and has been remanded in CBI custody till April 21, the sources said.

Categories: Finance
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