CBI Registers Case against 4 PNB officials in Rs 31.92 Crore Fraud Case

Bhubaneswar: In a significant development, the Central Bureau of Investigation (CBI) has registered a case under several sections of the IPC and the Prevention of Corruption Act against nine accused including four officials of Punjab National Bank, a Bhubaneswar-based private firm and its directors Rs 31.92 crore in a fraud case. 

PNB filed a complaint against four of its officials posted at Station Square Branch in Bhubaneswar for alleged fraud to the tune of Rs. 31.92 crore (approx.).

According to reports, the bank in its complaint has named the then Chief Manager, the then Assistant General Manager, the then Chief Manager and then Senior Manager and Bhubaneswar based private firm, its officials and unknown officials of the bank and unknown others.

CBI earlier on the day raided various places including 10 places in Bhubaneswar including the offices and residences of the directors of the GTS company and the bank officials involved in the case, besides raiding at multiple locations in , Andhra Pradesh, West Bengal and Jammu and Kashmir.

The premier the agency of the country conducted searches at the premises of Nagmani Satyanarayana Prasad, the then Chief Manager; S. C. Sharma, the then Assistant General Manager; Manoranjan Dash, the then Chief Manager; Priyotosh Das, the then Senior Manager at PNB Station Square Branch in Bhubaneswar, reports said.