Bank bosses held over bribery charges

Nov 24, 2010 |

Reuters

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Reuters: The Central Bureau of Investigation said on Wednesday it had arrested at least eight officials from banks and financial institutions on charges of taking bribes to grant large corporate loans.

Officials arrested include the chief executive of LIC Housing Finance, a general manager of state-run Central Bank of India and senior officials at state-run Punjab National Bank (PNBK.BO) and Bank of India (BOI.BO), a joint director of the Central Bureau of Investigaiton told reporters.

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