https://www.taxtmi.com/news?id=62413 Sanction has been obtained to prosecute the former managing director and chief executive officer under the Prevention of Corruption Act for alleged fraudulent transactions involving bank investments in commercial papers and non convertible debentures of two corporate group firms; a significant portion of those investments became non performing, the charge sheet alleges a resulting multi billion rupee loss to the bank, names multiple individuals and entities including family members, and alleges a quid pro quo arrangement tied to loans to parties linked to the accused. en-us Fri, 21 Nov 2025 20:31:03 +0530 Fri, 21 Nov 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62413 Sanction has been obtained to prosecute the former managing director and chief executive officer under the Prevention of Corruption Act for alleged fraudulent transactions involving bank investments in commercial papers and non convertible debentures of two corporate group firms; a significant portion of those investments became non performing, the charge sheet alleges a resulting multi billion rupee loss to the bank, names multiple individuals and entities including family members, and alleges a quid pro quo arrangement tied to loans to parties linked to the accused. News - Fri, 21 Nov 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=62413