Published On: Tue, Mar 20th, 2018

Canara Bank cracks 5% as CBI files charge sheet against ex-CMD

CBI charged former Chairman-cum-Managing Director R K Dubey and two of the then executive directors of the company of cheating and forgery.

New Delhi: Shares of Canara Bank fell over 5 per cent today after the CBI charged former Chairman-cum-Managing Director R K Dubey and two of the then executive directors of the company of cheating and forgery.

The stock tumbled 5 per cent to Rs 251 on BSE. Likewise, on NSE, shares of the company cracked 5.37 per cent to Rs 250.

The CBI yesterday charged former Chairman-cum-Managing Director R K Dubey and two of the then executive directors of Canara Bank of cheating and forgery in the alleged loan default of over Rs 68 crore sanctioned in 2013, officials said.

In its charge sheet filed at special CBI court in Tis Hazari, the CBI has slapped charges of criminal conspiracy, cheating, forgery and provisions of the Prevention of Corruption Act on the then CMD R K Dubey, then executive directors Ashok Kumar Gupta and V S Krishna Kumar, and two directors of the Occasion Silver Pvt Ltd Kapil Gupta and Raj Kumar Gupta, besides the company.

PTI

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