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July 24, 2001 		Feedback  
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CBI probing suspected foreign accounts of Subramanyam

The Central Bureau of Investigation suspects that the former chairman of Unit Trust of India P S Subramanyam has accounts in foreign banks and has begun investigating that, sources in the agency claimed on Tuesday.

The sources said that there were "preliminary indications" that the arrested former UTI chairman held some foreign accounts but declined to give any further details at this "delicate" stage.

Subramanyam and the two UTI executive directors M M Kapur and S K Basu facing the charge of misappropriating public funds to the tune of Rs 320 million, were arrested by CBI on July 21 and remanded to its custody till July 27 by a Bombay court.

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