United Bank ex-CMD booked for corruption by CBI

New Delhi: The CBI today registered a case against former Chairman and Managing Director (CMD) of United Bank of India Archana Bhargava for abusing her official position and obtaining certain amounts for herselfin 2011 and 2013.

The CBI filed the case against Bhargava along with a Kolkata-based private firm and some unidentified persons under section 120-B (Criminal conspiracy) of the Indian Penal Code (IPC) and Prevention of Corruption Act.

“It was alleged that Bhargava, while posted as Executive Director of Canara Bank (2011) and as CMD of United Bank of India (2013) had abused her position and obtained certain amounts for herself or for a New Delhi-based private firm (owned by her husband and her son),” a CBI official said.