Corporation Bank has reported fraud to the Central Bureau of Investigation (CBI). The investigating agency has booked an auto dealer in Jamshedpur for allegedly defrauding the bank to the tune of Rs 6.77 crore.
The agency has booked auto dealer Ramnandi Estates and its directors - Akhouri Gopal, Sanjeeta Akhouri, Akhouri Nishant and Akhouri Nitesh. An empanelled valuer of the bank - Sanjay Kumar has also been named as accused in the FIR.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.
