A special CBI court today granted bail to Usha Ananthasubramanian, former managing director and CEO of Allahabad bank, in connection with the Rs 14,000 crore fraud at the Punjab National Bank (PNB). Ananthasubramanian appeared before special judge J C Jagdale and applied for bail which was granted by the court. Ananathasubramanian, who was the MD and CEO of the Punjab National Bank before moving to the Allahabad Bank, was named in the CBI charge sheet in connection with the Rs 14,000 crore fraud through fake LoUs in connivance with some PNB employees.

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *