CBI books 6 persons who defrauded UBI to tune of over Rs 6 crore
India Today
The CBI booked six people in Andhra Pradesh, who defrauded the Union Bank of India to a tune of over Rs 6 crore on the pretext of fishing business under the Agricultural Cash Credit Limit.
The Central Bureau of Investigation (CBI) booked six people in Andhra Pradesh, who defrauded the Union Bank of India (UBI) to a tune of over Rs 6 crore on the pretext of fishing business under the Agricultural Cash Credit Limit (ACCL), on charges of cheating and forgery. Along with the six, a former branch manager of the bank was also named as accused by the CBI.
According to the FIR, which has been accessed by India Today TV, the six accused approached UBI's Tadepalllgudem branch in Andhra Pradesh’s West Godavari district for sanction of the ACCL in November 2019. The credit limit for each borrower was Rs 97 lakh.
