A CBI statement said Punjab National Bank alleged in its complaint that the officials had fraudulently sanctioned and disbursed loans to private persons dealing in coal business from 2011 to 2016. Photo: Pradeep Gaur/MintNew Delhi: The Central Bureau of Investigation (CBI) has registered 22 cases against officials of Punjab National Bank (PNB) relating to fraud in bank loans processed by them on the basis of forged documents causing a loss of over Rs80 crore to the bank, the agency said on Saturday. The cases relate to four branches of the bank in Bhopal and Ujjain in Madhya Pradesh. It said the bank alleged in its complaint that the officials had fraudulently sanctioned and disbursed loans to private persons dealing in coal business from 2011 to 2016. The searches led to the recovery of “incriminating” documents, stamps, hard discs and details of bank lockers, it said.

Source: Mint January 20, 2018 14:48 UTC