The agency has alleged that Archana Bhargava has abused her official positionThe Central Bureau of Investigation has registered a corruption case against the former Chairman-cum-Managing Director of the United Bank of India (UBI), Archana Bhargava, and two private companies. The agency conducted searches on the premises of the offices of the accused in Delhi, Noida, Kolkata, Howrah and Mumbai. 2.85 crore and Rs. 5.42 crore in her name and that of her family members, Rs. Ms. Bhargava was the Executive Director with Canara Bank in 2011 and served as the CMD of UBI in 2013.

Source: The Hindu September 15, 2016 21:22 UTC