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Bombay HC drops corruption case against an ex bank manager in Mumbai

IndiaTimes Thursday, 11 January 2024
Bombay high court on January 9 discharged a former AGM of Central Bank from a case under the Prevention of Corruption Act and offences of cheating, forgery and criminal conspiracy registered by the Central Bureau of Investigation (CBI) in 2018 over an alleged Rs 17 crore loss to the bank's Peddar Road branch and head office, for want of any proof of connivance. The CBI case was that Arvind Sethi, as head of the branch, Mumbai main office of Central Bank of India had fraudulently processed and forwarded a loan proposal for Rs 5 crore without diligence “intentionally’’ to help the co-accused firms.
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