Delhi police files FIR against Axis Bank CEO, directors & senior officials  

October 8, 2014

Based on an allegation by Golf Technologies, a Magistrate\'s Court directed Delhi Police to issue notices to Axis Bank\'s CEO and its top officials with regard to a fraudulent transfer of Rs19.89 crore from its term loan account to that of Tulip Telecom. Golf Technologies alleges collusion because the sum transferred was allegedly shown as debt recovery by the Bank

Moneylife Digital Team

Following direction from the Metropolitan Magistrate court, the Delhi police have filed a first information report (FIR) against Shikha Sharma, chief executive of Axis Bank as well as its chief operating officer and several senior officials of the Bank.

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