Private bank officials subject to anti-corruption act


Allowing an appeal in Central Bureau of Investigation, Bank Securities & Fraud Cell v Ramesh Gelli and Others, the Supreme Court held that the chairman, directors and officers of a private bank can be said to be public servants for the purposes of their prosecution for offences punishable under the Prevention of Corruption Act, 1988 (PCA). The ruling expands the scope of the PCA, which previously had been applied only to government officials.

You must be a subscriber to read this content, or you can register for free to enjoy the current issue.


The dispute digest is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at [email protected] or [email protected] Readers should not act on the basis of this information without seeking professional legal advice.