CBI books 2 SBI officials among 5 for cheating
Jammu, July 29: Central Bureau of Investigation, anticorruption Bureau, has booked five persons, including two bank officials, for alleged duping State Bank of India to the tune of more than Rs 1 crore.
The three main accused Amardeep Sharma, Pawan Kumar and Mohinder Singh are partners of M/s Amardeep Sharma and have allegedly submitted fake and forged documents to the bank for securing loan.
The accused in connivance with some unknown bank officials of State Bank of India Zonal Office Jammu and SBI Kalu Chak have committed the offence of cheating and forgery causing undue loss to the bank and undue gain to the loanees as the loan subsequently turned NPA (Non-Performing Assets), the FIR registered by the CBI says.
The accused, it added, applied for a CC limit to the tune of Rs 125.5 lacs and term loans of Rs 4.50 lacs in favour of their firm. The concerned Branch Manager and CPC (credit processing cell) Team also did not make any pre-sanctioned visit to verify the genuineness of collateral properties as required before the sanction of CC Limit.
The Loan proposal of CC limit for 1.25 crores and term loan of Rs 4.50 lacs was sanctioned by the Zonal Office SBI RASMECCC (Retail Assets Small & Medium City Credit Cell), Jammu on the basis of recommendation of Bank Officers. The loan facilities were used by the partners of M/S Amar Deep Sharma & Company for their own end and more repayment was made to the bank as a result of which the loan terms NPA on May 11, 2009 with an outstanding balance of Rs 1, 21, 51, 849.
Lastupdate on : Fri, 29 Jul 2011 21:30:00 Makkah time
Lastupdate on : Fri, 29 Jul 2011 18:30:00 GMT
Lastupdate on : Sat, 30 Jul 2011 00:00:00 IST
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