The Hindu : National : Cases registered against bank CEO, others

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National

National

Cases registered against bank CEO, others

Nagpur: ICICI bank CEO M.V. Kamath and seven others have been charged with dacoity after a car financed by the bank was allegedly forcibly repossessed, police said on Friday.

Offences under Section 395 (punishment for dacoity), 120 (b) (criminal conspiracy) and 506 (b) (punishment for criminal intimidation) of the IPC were registered against Mr. Kamath and others after a local court directed the police to do so on a complaint by a borrower.

Praveen Deshmukh had purchased a car in 2006 after securing a loan of Rs. 1.4 lakh.

After his initial failure to repay one instalment of the loan, Mr. Deshmukh claimed he went to the bank to pay but officials there refused to accept it. He again went to the bank on March 13 but officials allegedly refused to accept his payment and a team led by manager (NPA) Ajay Tiwari ``confiscated'' his car.

Mr. Deshmukh approached the district consumer forum on March 16 and the next day, the forum issued a notice to ICICI.

Later, he also filed a criminal complaint in a local court, which directed the police to register offences against Mr. Kamath, senior general manager Maninder Juneja, national collection manager Vikrant Jethi, product head Nahal Desai (all from Delhi) and other local staff.

PTI

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