INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Among those named by CBI in its FIR registered against former Aircel promoter C Sivasankaran and his companies in the IDBI Bank
Rs 600 crore loan fraud include the chairman of Bombay Stock Exchange, S Ravi, and former CMD of Bank of Baroda, P S Shenoy.
Ravi, according
to his biodata on BSE website, is an independent director and chairman of audit committee of IDBI Bank, which is at the centre of
controversy for issuing two loans to C Sivasankaran by flouting rules and regulations
Shenoy was an independent director in IDBI Bank, when the alleged irregularities took place.
The two top officials are accused of
corruption, cheating and criminal conspiracy along with MDs and CEOs of three banks: Melwyn Rego of Syndicate Bank and Kishor Kharat of
When asked if he has been contacted by CBI, Ravi replied in the negative
CBI sources said that they will soon question S Ravi, Shenoy, Rego, Kharat and Raghavan.
The central anti-corruption agency on Friday
conducted raids at the residences of at least six officials, who had been associated with IDBI Bank
These include, Amita Narayan (ex-CGM of the credit committee of the bank), R K Bansal (then member of the credit committee), S K Srinivasan
(then executive director), R S Vidyasagar (regional head of IDBI); Bharat Pal Singh (then deputy managing director) and Medha Joshi (the
companies, Axcel Sunshine (British Virgin Islands) and Finland-based Win Wind Oy respectively, which turned into non-performing assets
