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| CBI exposes defaulters-SBI officials nexus, unearths fraud of Rs 1.13 cr | | | Early Times Report
JAMMU, Apr 01:
The anti-corruption wing of CBI has exposed a loan defaulters-SBI officials nexus, unearthing a fraud of Rs 1.13 cr. A loan of Rs 1.13 cr was secured by Pritam and Jaswinder Singh, partners in Diya Rice Mill at Dablehar, R S Pura, from the Kachi Chawni branch of State Bank of India (SBI) in 1996 to set up a unit for de-husking of paddy (rice sheller).
Of this amount, Rs 80 lakh were taken against working capital and Rs 33.5 lakh as term loan.
In the combined loan of Rs 1.13 cr, plant and machinery were hypothecated as prime security and a piece of 60 kanals of land at Biaspur in RS Pura was mortgaged as collateral security.
A CBI spokesman said the mill partners allegedly committed a fraud by presenting fake papers of the land ownership in SBI. During investigation, it was found that out of 60 kanals of land, falling under khasra Nos 714, 722, 742, 743 and 716, situated at village Biaspur, not even one kanal land belonged to Pritam or Jaswinder.
Even as all the revenue documents were fake and forged, they bore signatures and stamps of the concerned patwari, naib-tehsildar and tehsildar, the spokesman added.Such a huge loan was granted by the bank officers without applying their mind. They accepted fake and forged revenue documents without verifying the same from concerned revenue officials. The most important work of "noting of banks lien" in the revenue record was also not done. Bank officials failed to conduct discreet enquiry before sanctioning such a heavy amount, the spokesman said. The spokesman said since the motive behind taking loan was to defraud SBI, the loan shortly became NPA and the bank failed to recover the amount as property mortgaged to it was non-existing. CBI has registered a case in this connection under section 120-B read with sections 420, 468 and 471 of RPC and section 5(2) read with 5(1)(d) of Prevention of Corruption Act against Divya Rice Mill partners Pritam Singh and Jaswinder Singh, revenue officials of R S Pura, senior officers of SBI Zonal Office, Railway Road, and unknown persons for entering into criminal conspiracy to cheat the Kachi Chawni branch of SBI as a result of which a fraud of Rs 1.13 crore took place.
The spokesman said similar bank fraud cases involving Canara Bank, Central Bank of India, PNB, SBI were already being investigated by CBI in which property fraudulently mortgaged fell either in Chowadhi area or R S Pura.
Investigation of the case was entrusted to Inspector R C Dogra who would be assisted by Inspector Bhagwan Dass Dandia. |
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