The Central Bureau of Investigation (CBI) today arrested Pranab Kumar Roy, general manager, Southern Regional Office, of United Bank of India on charges of corruption. According to CBI, the amount of wrongful loss incurred to the bank during his tenure in various cases due to abuse of official position is Rs 93 crore.
Roy is accused of abusing his official position by sanctioning working capital loan of Rs 20 crore to Capture Systems Pvt. Ltd., for its “Ethanol Turnkey Project” by fraudulently and dishonestly violating all banking norms and thereby causing a wrongful loss of Rs 9.44 crore to the bank.
Pranab Kumar Roy is also involved in many other bank fraud cases in different places and same are being investigated by CBI branches at Chennai and Bangalore, said CBI statement.
The amount of wrongful loss incurred to the bank in all these cases togethere is Rs 93 crore.
He has been arrested today and produced before the Additional Special Judge for CBI cases, Chennai and remanded to judicial custody.
Investigation is in progress, said CBI sources.