Trouble mounts for Allahabad Bank CEO after CBI chargesheet in PNB scam
Usha Ananthasubramanian, CEO and MD of Allahabad Financial institution (Photograph: Twitter/@HarsimratBadal_)
- CBI filed chargesheet in opposition to Nirav Modi and 24 different accused in PNB rip-off
- Allahabad Financial institution CEO Usha Ananthasubramanian named as accused within the case
- Usha was the MD and CEO of PNB from 2015 to 2017
Bother appears to mounting for India’s prime banker Usha Ananthasubramanian who’s presently CEO and MD of Allahabad Financial institution.
Minutes after the Central Bureau of Investigation (CBI) filed its first chargesheet in opposition to diamantaire Nirav Modi and 24 different accused together with former CEO and MD of Punjab Nationwide Financial institution (PNB) Usha Ananthasubramanian within the nation’s largest financial institution fraud price over Rs 13,000 crore, the Allahabad Financial institution is all set to resolve Usha’s destiny.
“Allahabad Financial institution will name a board assembly after which resolve to divest the ability of Chief Managing Director (Usha) named in CBI chargesheet,” mentioned Rajiv Kumar, Secretary, Division of Monetary Companies (DFS).
Usha, who served in PNB from August 2015 to 2017 has been named as an accused on this case.
The chargesheet, filed in a particular courtroom in Mumbai, additionally names a number of different prime officers of the financial institution.
In accordance with sources, Usha didn’t adjust to the Reserve Financial institution of India (RBI) circulars issued on the Society for Worldwide Inter-bank Monetary Telecommunications (SWIFT) management system in 2016.
Usha was not too long ago grilled by the CBI on February 27 in reference to the case.
Usha began her profession in banking in February 1982, when she joined the Financial institution of Baroda as a specialist officer in its planning stream.
Previous to becoming a member of Bhartiya Mahila Financial institution, she labored at Punjab Nationwide Financial institution.
She has been ranked 19th strongest ladies in enterprise by Fortune India and can also be the primary ladies chairman of the Indian Banking Affiliation.
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