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Ex-GTB chief, others charge sheeted by CBI
20 January 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).
Other
reports on Global Trust Bank
General
reports on Banks
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