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| CBI books SBI officials | | | EARLY TIMES REPORT
Jammu, Sep 01:- CBI/ACB Jammu has registered a case against AK Gupta then Manager Credit, NK Gupta then Chief Manager, SBI Zonal Office Jammu, Mohd Iqbal Mir, Pervez Ahmed Mir real brothers, Major Singh, Thoru Ram.
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 Mr. AK Gupta then Manager Credit SBI Zonal Office Jammu and Mr. 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 lacs). 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. CBI/ACB Started investigation in case and there was no arrest is made out. JNF |
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