Ex-banker in CBI net for disproportionate assets

Wednesday 07th March 2018 05:35 EST

The Central Bureau of Investigation has filed a disproportionate assets case against former chairperson-cum-managing director of United Bank of India, Archana Bhargava, for allegedly amassing assets worth Rs £3,63,000, which is more than her cited sources of income between 2004 and 2014. Bhargava was earlier booked by the CBI in September 2016, in a corruption case along with two private companies and her residence was raided during which documents regarding investment worth £1 million were recovered.

The CBI has alleged in its latest FIR that Bhargava acquired movable and immovable assets in her name and in the name of her husband, Sunil Bhargava and son Anshuman Bhargava between April 1, 2004 and February 2, 2014. It said she has assets worth £5,22,000, out of which £3,63,000 is found to be disproportionate to her known sources of income. It claims she had several properties, a three-storey bungalow in Noida, a flat at Vasant Kunj and two other properties in the names of her family members in Delhi and Mumbai.

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