How Corrupt Are Our Bankers – Finance Guru Tamal Bandyopadhyay Speaks

On 15th September, the Central Bureau of Investigation (CBI) registered a case of corruption against Archana Bhargava, a former chairperson and managing director (CMD) of United Bank of India (UBI), after the agency carried out raids at multiple cities and recovered cash, jewellery and investment of over Rs 13.5 crore. Allegedly, Bhargava had abused her official position, first as an executive director (ED) of Canara Bank and later as the boss of UBI for making money for herself and/or for a company in New Delhi, owned by her husband and son.