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Priority will be to build a very strong vigilance mechanism, says new CVC K.V. Chowdary

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CIC KV Chowdary
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CIC KV Chowdary
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By NewsGram Staff Writer

New Delhi: Former Central Board of Direct Taxes chief K.V. Chowdary, who will be sworn in as the new Central Vigilance Commissioner on Wednesday, has said his priority will be to build “a very strong vigilance mechanism”.

In an interview to a news channel, Chowdary said he will also look into protection for officers who were discharging their duties in a responsible manner.

“My priority would be to move along with my two colleagues and see that we build a very strong vigilance mechanism,” he said.

Chowdary said he had worked on several sensitive cases in the past and feels he was “competent for the job”.

Asked about reservations of senior lawyers Ram Jethmalani and Prashant Bhushan to his appointment, he said he did not want to get into any individual allegation made by eminent people.

“I am clear in my mind and heart that I have not done anything wrong. I go by rules book but not by allegations made.”

Answering a query, he said the relationship between CVC and Central Bureau of Investigation has been very clearly laid down.

(With inputs from IANS)

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The CBI Arrests Two Senior Retired Officers Of Bank Of India

The agency in an FIR had said that the DPIL, which manufactures electric cables and

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The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud. IANS

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank. V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

They said both have been arrested today and will be produced before special court in Ahmedabad tomorrow.The promoters of the company were arrested in April this year. The agency in an FIR had said that the DPIL, which manufactures electric cables and equipment, is promoted by Suresh Narain Bhatnagar and his sons Amit and Sumit, who are also the directors of the firm.

Bank of India
Bank of India. Flickr

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The loan, it said, was declared a non-performing asset in 2016-17. “It is alleged that the DPIL, through its management, fraudulently availed credit facilities from a consortium of 11 banks (both public and private) since 2008, leaving behind an outstanding debit of Rs 2,654.40 crore as of June 29, 2016,” the agency had said. (IANS)