The Central Bureau of Investigation has arrested an official of the Chennai Port Trust in an ongoing investigation of a case relating to an alleged fraud on the pre-closure of CPT’s fixed deposits causing a loss to the tune of ₹45.40 crore to the Indian Bank.
Investigators arrested Assistant Superintendent Raghu Bernard in connection with the fraudulent fore-closure of the fixed deposits. The accused was produced in a special court and remanded in judicial custody.
The agency has arrested 17 persons, including two foreign nationals, in the case that was registered on a complaint lodged by the Indian Bank on July 31, 2020.
