CBI books former UCO Bank CMD over â¹621 crore fraud
The CBI has registered a case against former UCO Bank CMD Arun Kaul, two private companies' managing directors and others over a â¹621-crore fraud. It was alleged that Kaul and others entered into criminal conspiracy and defrauded UCO Bank of â¹621 crore by diverting and siphoning off the bank loans. The irregularities occurred when Kaul was the UCO Bank's CMD.