ED searches premises of former UBI chairperson in money laundering case

ED had initiated its investigations on the basis of FIR registered by the Central Bureau of Investigation (CBI) against former chairperson and managing director of United Bank of India Archana Bhargava in the disproportionate assets case. 

The Enforcement Directorate (ED) on Friday carried out searches at two premises belonging to Archana Bhargava, former chairperson and managing director of United Bank of India and also the ex-executive director of Canara Bank, officials said. Officials from ED’s Delhi Zone 1 unit seized incriminating documents during the searches. ED had initiated its investigations on the basis of FIR registered by the Central Bureau of Investigation (CBI) against Archana Bhargava in the disproportionate assets case.