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Rs 621-cr fraud: CBI books former UCO Bank CMD and others - Etv

Sun, Apr 15, 2018, 09:39 AM
The CBI booked a case against Arun Kaul, former Chairman and Managing Director (CMD) of UCO Bank, and others for their alleged role in Rs 621 crore fraud. The CBI found that the alleged persons were involved in cheating the UCO Bank by diverting and syphoning off the bank loans. The CBI sleuths raided the houses of the accused in Delhi and Mumbai. Kaul served as CMD of UCO bank from September 2010 to August 2015. The CBI came to know about the fraud while investigating another financial fraud case.
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