Ex-GTB chief, others charge-sheeted by CBI
20 Jan 2007
Mumbai: The Central Bureau of Investigation (CBI) has filed charge sheets against the former chairman of Global Trust Bank (GTB), Ramesh Gelli, Sridhar Subhashree and two of its corporate clients for fraud leading to the dissolution of the bank.
After the moratorium, this is the first action taken by CBI in connection with the fraud.
The chargesheets filed with the CBI special court are based on departmental findings which highlighted that the fraud had resulted from the top management''s complicity rather than willful loan defaults in connivance with bank employees, as is the case in other bank frauds.
The CBI has filed chargesheets against two Chennai-based companies of the Balaji group — Balaji Industrial Corporation and Balaji Hotels — and Mumbai-based Beautiful group (proprietors of Leelavati hospitals).
