The Central Bureau of Investigation has registered a case against former CMD of Canara Bank R. K. Dubey for allegedly allowing deviations in sanctioning credit limits to a company during his tenure as ED at Central Bank of India. According to official sources, a complaint has been received from Central Bank of India alleging that he had conspired with two directors – G.K. Dhawan and Janak Dhawan – of a transport company in Delhi, to allow deviations in sanctioning credit facilities to the tune of Rs.13.5 crore. The officials claimed the deviations were in violation of the laid down rules and regulations. The firm turned defaulter in repayment of the loan to the tune of Rs.6.9 crore to the bank and corresponding wrongful gain to the said company, a spokesperson for the bank said.
