SBI top official under investigation
By Our Banking Bureau | 29 Jan 2002
The
investigations were launched earlier this month, and the bank has
decided to withhold Guptas post-retirement benefits, pending a
clean chit from the investigators.
Gupta, who is scheduled to retire from SBI on 31 January, was
the acting managing director of SBI Home Finance for one year from
August 1994.
SBI, in a letter dated 24 January 2002, has informed the chief general manager that he will not get his post-retirement benefits, save for his own provident fund contributions, till he is cleared by SBIs own vigilance wing as well as by the Central Bureau of Investigation.
