New Delhi, Mar 1: The Central Bureau of Investigation (CBI) on Thursday registered a disproportionate assets case against former CMD of United Bank of India Archana Bhargava. The case has been registered on charges of amassing disproportionate assets to the tune of Rs 3.6 crore. Also Read - Bihar Cops Became Astrologers to Probe Sushant Singh Rajput Case Without Mumbai Police's Support
“It was alleged that the then public servant while posted as ED of Canara in the year 2011 and as CMD of United Bank of India in the year 2013 had abused her official position and obtained certain amounts for herself or for a New Delhi-based private firm (owned by her husband and her son), from the companies to whom various credit facilities were granted by the banks, where she had worked,” CBI spokesperson said, in a statement. Also Read - SSR Case: Anil Deshmukh Says Mumbai Police's Investigation is 'Very Professional', Supreme Court's Decision Awaited
The CBI had conducted searches at the residential premises of Bhargava in Delhi, Noida, Mumbai, Kolkata and Howrah. The CBI recovered cash, jewellery and investment details to the tune of over Rs 10 crore named allegedly in her and her family members’ names. Also Read - Sushant Singh Rajput Case: Who is Shruti Modi, The 5th Person Booked by CBI Apart From Rhea Chakraborty And Her Family?
The CBI also recovered jewellery worth Rs 2.85 crore and Rs 10.50 lakh cash from the bank lockers.