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Judge flays CBI for not probing bank directors

Judge flays CBI for not probing bank directors

Monday, March 13, 2017, 4:48 PM

The XIth additional special judge for CBI cases Venkatasamy has expressed concern over the progress of investigation into a fraud in which Andhra Bank suffered losses to the tune of Rs. 114.33 crore. Investigating agency had not arrested or examined the bank directors, who sanctioned the loan without obtaining collateral security, the judge said such lapses could pave the way for more financial frauds.
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