The Central Bureau of Investigation (CBI) has chargesheeted 14 people, including 11 former UCO Bank officials and two directors of a Nagpur-based firm, for allegedly causing loss to the tune of Rs 36 crore to the nationalised bank by fraudulently sanctioning loans.
According to CBI, two directors of M/s Maven Industries Limited, a private firm which manufactures food items, were hand-in-glove with the UCO Bank officers in getting the loans sanctioned.
The chargesheet in the case was filed before the Special Judge for CBI in Nagpur on Thursday, against Maven Industries, its two directors –Ashok Kumar Rathi and Kishore Kumar Rathi, besides two former Executive Directors of UCO Bank –Bijay Kumar Dutta and Virendra Kumar Dutta –and nine other officials including then General Manager, then Deputy General Manager and then Assistant General Manager.