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Charges framed against six accused in Bank Loan scam of Rs 2 Crore 11/18/2014 12:06:49 AM Jammu, Nov 17: Principal Sessions Judge Jammu RS Jain today framed charges against MohdIqbal Mir, Parvez Ahmed Mir, JeevanLal Sharma, Attar Singh, Nitin Kumar and Des Raj Patwari in Bank Loan Scam of 2 Crores. According to the facts that above said persons with a common object to cheat the State Bank of India Kaluchak Branch Jammu of huge amount and in furtherance of said conspiracy AK Gupta then Manager Credit SBI Zonal Office Jammu and NK Gupta then Chief Manager SBI, Zonal Office Jammu misused their official position as public servant and accepted false document submitted by the partners of M/s Mir Associates as genuine and recommended for sanction of loan of Rs 2 Crores (cash credit working capital of Rs 1.5 crore and bank guarantee of 50 lakhs). These facts constituted offences u/s 120-B r/w section 420/468/471 RPC and 5(2) r/w section 5(1) (d) of J&K PC Act SVT 2006 and investigation is started in the case. According to the FIR that the private alleged accused applied with SBI Kaluchak Branch Jammu in January, 2007 for securing loan facilities of Rs 2 crores under traders easy scheme against the Hypothecation of stocks for building materials and receivable as primary security for advancement of business activity of the firm and mortgages the property in the shape of land and a double storey building etc, the loan facilities were used by the partners of M/S Mir Associates for their own ends and no repayment was made to the bank as a result of which the loan turned NPA and after completion of investigation challan was presented. (JNF)   Share This News with Your Friends on Social Network     Comment on this Story

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