CBI files case against 6 bank officials, others in alleged misappropriation of depositors’ money case

The Central Bureau of Investigation has registereda case against six officials of the Indian Overseas Bank and others in analleged misappropriation of depositors’ money case.

Searches were conducted at the premises of accusedat various places located in Andhra Pradesh and Tamil Nadu which led torecovery of several incriminating documents.

In a statement, CBI stated that the accused hasallegedly misappropriated funds and caused loss to the Indian Overseas Bank tothe tune of around 456 lakh rupees.