Telangana High Court allows prosecution of private sector bank officials under PC Act, says they are public servants

The Court set aside a special CBI court’s 2010 order discharging the accused under provisions of the PC Act on the ground that they were not public servants.
Telangana High Court
Telangana High Court

The Telangana High Court recently permitted the Central Bureau of Investigation (CBI) to prosecute the erstwhile Global Trust Bank’s Chairman and Managing Director (CMD) Ramesh Gelli and Executive Director (ED) Sridhar Subasri in a case under the Prevention of Corruption (PC) Act [Central Bureau of Investigation v. Ramesh Gelli].

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