CBI files case against 6 bank officials of Indian Overseas Bank

The Central Bureau of Investigation has registered a case against six officials of the Indian Overseas Bank and others in an alleged misappropriation of depositors’ money case. 

Searches were conducted at the premises of accused at various places located in Andhra Pradesh and Tamil Nadu which led to recovery of several incriminating documents. In a statement, CBI stated that the accused has allegedly misappropriated funds and caused loss to the Indian Overseas Bank to the tune of around 456 lakh rupees.