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The Central Bureau of Investigation (CBI) also carried out searches at 14 locations in connection with the case.
The PNB had approached the DRT last year seeking recovery of over Rs 7,029 crore.
To make merger a smooth affair, the government last week decided to infuse Rs 5,042 crore in BoB to enhance its capital base to meet additional expense.
This reform measure aimed at further consolidation in the banking sector will make BoB the country's third largest bank with a combined business of Rs 14.82 lakh crore.