Union Bank's purchase of Rs 7.25 cr book authored by former Chief Economic Adviser Subramanian faces Congress heat

The Congress on Tuesday took serious exception to what it said was the manner in which Union Bank of India, Public sector lender, paid about Rs 7.25 crore to purchase nearly 2,00,000 copies of a book India@100 authored by former Chief Economic Adviser Krishnamurthy V Subramanian.

- STATESMAN NEWS SERVICE

"But even as backbreaking Price Rise continues to bankrupt the common people, Modi Govt's Finance Ministry instructed the board of directors of Union Bank of India to buy 7.25 Crore worth of books written by Modi ji's BHAKT," Congress' National Spokesperson Supriya Shrinate alleged raising suspicions.

The Union Bank of India is under scrutiny for purchasing nearly two lakh copies of Mr Subramanian's book, India@100, for Rs 7.25 crore. The expenditure had since faced internal opposition, leading to a general manager's suspension and an investigation by KPMG, a global professional services network providing services in audit, tax, and advisory.