CBI files â¹19-crore fraud case over loans given by UCO Bank
The CBI has registered a fraud case over loans worth â¹19-crore that were sanctioned by UCO Bank to 18 fake borrowers. The agency named five persons, including the former manager of UCO Bank's Jayanagar branch in Bengaluru, KR Saroja. She allegedly sanctioned the loans at concessional rates of interest by colluding with a middleman who submitted fabricated documents of borrowers.