The Central Bureau of Investigation (CBI) has registered 22 cases against certain officials including Chief Managers of Punjab National Bank (PNB) relating to four Branches at Bhopal and Ujjain in Madhya Pradesh and other accused on a complaint from the Bank.
It was alleged by the bank in its complaint that certain officials of the Bank fraudulently sanctioned and disbursed loans to private persons dealing in the business of Coal during the period from 2011 to 2016. It was alleged that the loans were sanctioned against inflated valuation of the collateral securities
In another case, the CBI arrested three people for demanding and accepting a bribe of Rs. 1.80 lakh, allegedly on behalf of SDM Saraswati Vihar, from the owner of a club in Delhi's Pitampura, after his club, was sealed by the SDM