Home India CBI Charge Sheets Syndicate Bank Officials, 16 Others In Rs 209 Crore...

CBI Charge Sheets Syndicate Bank Officials, 16 Others In Rs 209 Crore Fraud


CBI Charge Sheets Syndicate Bank Officials, 16 Others In Rs 209 Crore Fraud

The CBI found that the accused defrauded the bank with forged I-T returns with inflated income

New Delhi:

The Central Bureau of Investigation (CBI) has filed a charge sheet against businessman Anoop Bartaria and former Syndicate Bank Assistant General Manager (AGM) Adarsh Manchanda along with 16 others for allegedly defrauding the bank of Rs 209 crore, officials said.

In its charge sheet submitted before a Special Court in Jaipur, the probe agency has also charged Chartered Accountant (CA) Bharat Bomb in the matter, they said.

“It was alleged in the complaint that 118 loan accounts were sanctioned and disbursed by three branches of Syndicate Bank, namely, MI Road branch, Jaipur, Malviya Nagar Branch, Jaipur, and Udaipur branch. The 118 accounts were housing loan accounts, term loan accounts for the purchase of commercial property of World Trade Park (WTP), overdraft limits, and Foreign Letter of Credits,” CBI spokesperson RC Joshi said.

It was further alleged that Bharat Bomb had conspired with his employees and others, including the branch officials of Syndicate Bank, and got various credit facilities sanctioned.

The CBI also said that the accused cheated the bank to the tune of Rs 209.93 crore by availing loans on the basis of forged and fabricated documents, bills, quotations, certificates, among others.

It was also alleged that several of the borrowers were found to be ordinary employees in firms owned by the CA and others and not eligible for such high-value loans, Mr Joshi said.

The CBI, during its probe, found that as part of the conspiracy, Bharat Bomb, Anoop Bartaria and others allegedly approached officials of Syndicate Bank of Jaipur’s MI Road Branch for getting term loans for purchasing commercial properties situated at the World Trade Park, Jaipur on the basis of forged Income Tax returns showing inflated income.

They also submitted forged quotations, invoices, purchase orders, and work orders; forged CA certificates, and audited financial statements, the CBI spokesperson said.

“It was also alleged that the then manager (Mahesh Gupta) Syndicate Bank, MI Road Branch recommended and the then AGM/Branch Head (Manchanda), Syndicate Bank, MI Road branch had sanctioned various credit facilities by violating the bank guidelines and without exercising due diligence,” he said.

The said bank officials allegedly sanctioned term loans for the purchase of commercial properties, Foreign Letter of Credits, housing loans, overdraft limits, and Working Capital Term Loans to various individuals, firms, and companies linked to the said accused, he added.



Source link

RELATED ARTICLES

Centre Amends Policy On Suspension Of Family Pension

<!-- -->Denying payment of family pension to any other member was not considered justified (Representational)New Delhi: The Centre, in its recent move, has...

Pradhan Mantri Digital Health Mission Nationwide Rollout On September 27

<!-- -->Digital Health Mission: The digital health ID will contain the health record of the citizen. (File)New Delhi: Prime Minister Narendra Modi will...

Yogi Adityanath Says Supporting Taliban Means Supporting Anti-India Acts

<!-- -->Yogi Adityanath said "every faith and community" are now free to celebrate their festivals. (File)Hapur (UP): Supporting the Taliban means supporting anti-India,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

PM Modi Arrives In Washington Ahead Of Quad, UN Address: 10 Points

<!-- -->M Modi was received at the airport by senior Biden officials and Envoy Taranjit Singh SandhuNew Delhi: Prime Minister Narendra Modi, who...

Vendors Meet Tamil Nadu Minister Over Ford’s India Exit

<!-- -->The vendors raised concerns of job losses and also suggested measures to avert adverse effectsChennai: At least 75 vendors from across Tamil...

Terrorist Open Fire, Injure Civilian In Jammu And Kashmir’s Shopian: Police

<!-- -->The police have cordoned off the area of the attack (Representational)Shopian (Jammu and Kashmir): Terrorists on Wednesday opened fire on a civilian...

S Jaishankar To Attend G4 Talks, G20 Meeting On Afghanistan Today

<!-- -->In bilateral talks with his counterparts, S Jaishankar held extensive discussions on Afghanistan. (File)New York: India will be participating in the G4...

Recent Comments