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| CB books defaulter, bank ,revenue officials for misappropriating bank money | | | Early Times Reporter
Jammu | Aug 18
Crime Branch Jammu registered a case against Rakesh Kumar Gupta s/o Kasturi Lal r/o Channi Himmat,Jammu and officials of revenue and Citizen Cooperative Bank for entering into conspiracy to misappropriate the amount of loan sanctioned to Rakesh Kumar Gupta .Rakesh Kumar Gupta in connivance with the bank employees and revenue officials submitted forged documents pertaining to properties for mortgage purpose in the Citizen Cooperative Bank.Crime Branch received a complaint from Managing Director Citizen Cooperative Bank Ltd where in the complainant alleged that Rakesh Kumar Gupta was granted loan for Rs 15 lacs and cash credit limit of Rs 20 lacs against his unit M./S Able Traders Industries from the Vinayak Bazar branch and the borrower had mortgaged land measuring 7 kanals and 14 marlas and a crusher situated at Sainik Colony and a plot situated at Karan Nagar Jammu as collateral security whereas in M/S Able Industries, the collateral security was comprised of two shops measuring 15x30 each of ground floor and two stairs cases leading to upper floor and basement situated at main road Channi Himmat .Apart from this the bank had also mortgaged primary securities that is units in question and structure financed by the bank including hypothecation of stocks in Parade. But when the bank initiated the recovery proceedings against the defaulter Rakesh Kumar it cane to know that defaulter had already disposed off the property kept on mortgaged. It was also alleged that Rs seventy three lacs are still recoverable from the concerned person. On receipt of complaint Crime Branch conducted inquiry and it established the fact that Rakesh Kumar in connivance with bank officials have misappropriated the amount of loan sanctioned to him as the bank officials concerned did not make lien entry in the revenue record pertaining to land of Rakesh Kumar situated at Karan Nagar. Moreover the defaulter with the connivance of revenue officials prepared forged documents and made wrong entries in the revenue record regarding land properties mortgaged with the bank and accordingly a case has been registered against the defaulter and officials of bank and revenue by Crime Branch for further investigation. |
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