Quick View: CVC recommends fine against 97 bank officials for graft-Financial Express 11.01.2014
The Central Vigilance Commission (CVC) has recommended penalty against 97 officials of nationalised banks for alleged corruption
The Central Vigilance Commission (CVC) has recommended penalty against 97 officials of nationalised banks for alleged corruption. Of these officials, a highest of 27 are working in Dena Bank, 13 in Bank of Baroda, 11 in Central Bank of India, 10 in State Bank of India, eight in Punjab National Bank, seven in Andhra Bank, five in Industrial Development Bank of India and four each in Allahabad Bank and Bank of Maharashtra. Besides, two officials each working in Bank of India, Oriental Bank of Commerce, State Bank of Mysore and one each in Indian Overseas Bank and Syndicate Bank have been penalised for their alleged involvement in corruption, the CVC said in its monthly report for November 2012.
Reliance Life to launch nine new products
Private life insurer Reliance Life Insurance on Friday said it plans to launch nine products, which are complied with the new product guidelines, by the end of this month. The products largely focus on traditional insurance plans with a view to promoting protection and long-term savings across the country.
CBI unearths major recruitment scam in Indian Military Academy, books 3 Lt Colonels
Unearthing a major recruitment scam in the Indian Military Academy here, the CBI has booked three serving Lieutenant Colonels in connection with the case.
Lieutenant Colonels Akhilesh Mishra, Jagdish Bishnoi and Ambarish Tiwari have been accused of issuing fake experience certificates to candidates in recruitment to group C and D cadres of the prestigious institute in 2011-2012, CBI sources said here today.
A regular case was filed by the apex investigating agency against the trio earlier this week, they said.
The accused, charged with forgery, conspiracy and issuing fake certificates to candidates, are likely to be interrogated soon, they said, adding some arrests in connection with the case may also be made.
The accused officers had allegedly issued forged documents to pave the way for recruitment of 34 candidates and helped in replacing the original answer sheets of 16 others to help them clear the written test, they said.
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