PNB fraud: Finance Ministry initiates action against Allahabad Bank CEO
New Delhi, May 14: The Finance Ministry on Monday started the process of removing Allahabad Bank CEO and MD Usha Ananthasubramanian from her post after the CBI filed a chargesheet detailing her alleged role in the over Rs 13,000-crore Punjab National Bank (PNB) scam.
Ananthasubramanian, who was the MD and CEO of PNB from August 2015 to May 2017, was quizzed by the Central Bureau of Investigation (CBI) in February in connection with the case. On Monday, CBI filed the chargesheet in the case mentioning her role.
A Finance Ministry official told IANS that the Department of Financial Services (DFS) had asked the government representative in the Allahabad Bank to come up with a proposal before the board to strip Ananthasubramanian of her powers.
He said that the board would take the final call on the proposal.
The official added that similar action was also intiated against two Executive Directors of the PNB.
"DFS has started action for removing and dismissing the accused officials. The departmental inquiry will continue against them separately," he said.
Earlier, the CBI filed a chargesheet against Ananthasubramanian and 21 others, including 11 bank officials, over the PNB fraud case allegedly perpetrated by diamantire Nirav Modi and his uncle Mehul Choksi.
The agency has also named PNB Executive Directors K.V. Brahmaji Rao and Sanjiv Sharan, and General Manager (International Operations) Nehal Ahad in its chargesheet filed before a special CBI court here.
So far, 19 people have been arrested in the case while Modi and Choksi are on the run.
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Five to six opposition MLAs might cross over to Mahayuti in few months: NCP chief whip Anil Patil
Mumbai, Nov 24: There is unrest in the Maha Vikas Aghadi camp and its five to six MLAs might join the ruling Mahayuti in the next few months, claimed NCP chief whip Anil Patil, who has retained his Amalner assembly seat, on Sunday.
The MVA of Congress, NCP (SP) and Shiv Sena (UBT) suffered a crushing blow in the Maharashtra assembly polls, winning only 46 of the state's 288 seats. By contrast, the BJP-led ruling coalition, which also has NCP and Shiv Sena as partners, bagged an impressive 230 seats.
“There is tremendous unrest among some NCP (SP), Congress and Sena (UBT) MLAs who have been re-elected. Those having good relations with us have expressed concerns over MVA’s massive defeat,” Patil told Marathi news channel ABP Majha.
If one wants development works in his constituency, it is good to be in power, said the legislator from Ajit Pawar’s party.
“The MVA MLAs feel their future is uncertain. It shouldn’t be a surprise if five to six MLAs cross over to the Mahayuti in the next four months,” he said.
In the results of the Maharashtra polls declared on Saturday, BJP won in 132 constituencies, while its partners Shiv Sena and NCP walked away with 57 and 41 seats, respectively.
From the MVA camp, Shiv Sena (UBT) bagged 20 seats followed by Congress’ 16 and 10 by NCP (SP).
