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National News

Aug 14, 2018
7:18AM

Govt dismisses former MD Usha Ananthasubramanian of scam-hit PNB, Allahabad bank from service

Business Standard
The government has dismissed Usha Ananthasubramanian, former managing director of scam-hit Punjab National Bank and Allahabad Bank, from service. The government has issued a notification in this regard.

Three months back, Ms Ananthasubramanian was divested of all her powers as MD of Allahabad Bank, after being named in a CBI charge-sheet in the 14,000 crore rupees PNB fraud case but had continued to be an employee of the bank.

She was to superannuate yesterday but has been dismissed from the service.

Later, a special CBI court in Mumbai took cognizance of the sanction, saying that the investigating agency can proceed and ask Ms Ananthasubramanian to appear before the court.
 

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