The CBI on Friday said it has filed a chargesheet against then CMD, Corporation Bank, Ramnath Pradeep besides then Chief Manager and then Senior Manager of the bank in a case related to loss of Rs 79 crore to the public sector lender.
Besides Pradeep, the then Chief Manager SN Murthy Shankar, the then Senior Manager AP Shiva Kumar have also been named in the chargesheet.
The CBI had registered a case on June 16, 2017 on a complaint from Corporation Bank, Mumbai against a Mumbai-based private company Parekh Aluminex and others including its Directors, Chartered Accountant & unknown others. The
private company incorporated in 1994 was engaged in manufacturing of Aluminum Foil Containers etc.
The accused had allegedly conspired and availed various credit facilities to the tune of Rs 60 crore from Corporation Bank (now UBI), the CBI said in a statement.
They had also allegedly diverted the funds and deployed it in real estate and other non-related business activities by way of loans/advances in different real estate projects. An alleged loss of Rs. 79.04 crore was caused to Corporation Bank.