news details |
|
|
| CBI registersa cheating case against officials of UCO Bank | | | EARLY TIMES REPORT
Jammu, May-31 (JNF):- CBI/ACB registered a case of Rs more than 50 lacs cheating with UCO bank Ashoka Market Ragunath Bazar Jammu.
According to the FIR on a reliable information that M/S Shiva Over Seas a partnership firm in which Uttam Chand as a partner of 85% Share and Ashok Singh Manhas is holding 15% share and both applied for CC limit to the tune of Rs 50 lacs on March 13, 2008 on the basis of fake/ non-existing property offered as a collateral security towards the bank. The land proposed measuring 4 Kanal and 5 Marlas situated at Village Changerwan was said to be owned by Ashok Kumar Manhas but said land actually did not belonged to Ashok Singh Manhas and documents relating to the same were forged/fabricated. Ashok Singh Manhas and Uttam Chand got false revenue documents in connivance with some unknown persons in support of their claim. Thereafter unknown officials of UCO Bank Ashoka Market Raghunath Bazar Jammu in criminal conspiracy with Ashok Singh Manhas and Uttam Chand processed the loan on the basis of these false documents. The concerned bank Branch Manger also did not make any pre-sanctioned visit as per the bank rules before the sanction of CC Limit/ Loan. The Loan proposed of CC Limit for Rs 35 lacs was sanctioned by the Zonal New Business Committee Delhi on the basis of recommendations of bank officials vide sanctioned note dated May 22, 2008. Mr. Ramesh Koul DIG (now retired) was the guarantor for the said loan facilities as per agreement of the guarantee duly executed by him. The accused borrowers exhausted the CC limit if Rs 35 lacs in September, 2008 and thereafter Uttam Chand required the bank to allow an overdraft of Rs 10 lacs in the CC Account on September 10, 2008. On the same day the alleged accused bank concerned bank official to his request as a result of criminal conspiracy and accordingly an another account was opened in the name of M/S Shiva Over Seas and on the same day overdraft of 10 lacs was allowed from CC Limit and transferred to another account. The borrowers did not repay the loan in both the accounts and used the money for their personal ends. As a result of criminal conspiracy, abused of official position and fabrication/forgery of documents both the loan turned NPA on December 18, 2009 which resulted outstanding of Rs 50, 31, 214 causing undue loss to the exchequer. A case u/s 120-B r/w section 420/467/468/471 of RPC and 5(1) (d) r/w 5(2) of JK PC Act 2006 was registered and started investigation of case. According to source no arrest has been made so far. JNF
JNF/MAY/31/2011/2 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
