:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

FIVE FIRMS BORROWED $220 MLN IN BRIBERY SCANDAL: REPORT

Five of the companies involved in the financial scandal borrowed Rs 10 billion rupees ($220 million) by bribing bank officials, according to reports.

The companies used the money to invest in stock markets, news channels reported, citing sources at the Central Bureau of Investigation (CBI).

The CBI had arrested eight financial officials, including the chief executive of LIC Housing Finance and investment secretary at parent LIC, on charges of receiving bribes for granting loans.

Posted by C.B.O.A., A.P.

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