New Delhi: Shares of Canara Bank fell over 5 per cent on Tuesday after the CBI charged former Chairman-cum-Managing Director R K Dubey and two of the then executive directors of the company of cheating and forgery.
The stock tumbled 5 per cent to Rs 251 on BSE. Likewise, on NSE, shares of the company cracked 5.37 per cent to Rs 250.
The CBI on Monday charged former Chairman-cum-Managing Director R K Dubey and two of the then executive directors of Canara Bank of cheating and forgery in the alleged loan default of over Rs 68 crore sanctioned in 2013, officials said.
The CBI has slapped charges of criminal conspiracy, cheating, forgery and provisions of the Prevention of Corruption Act.