CHARGESHEET AGAINST SEVEN PERSONS INCLUDING TWO BANK OFFICERS AND ONE PRIVATE LIMITED COMPANY FOR ALLEGEDLY CAUSING LOSS OF ABOUT RS.10 CRORES TO A PSU BANK

---------- Forwarded message ----------
From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Wed, Jun 30, 2010 at 6:09 PM
Subject: Local Release.........1

Press Information Bureau

Government of India

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CHARGESHEET AGAINST  SEVEN PERSONS INCLUDING TWO BANK OFFICERS AND ONE PRIVATE LIMITED COMPANY FOR ALLEGEDLY CAUSING LOSS OF ABOUT RS.10 CRORES TO A PSU BANK

Kolkata: June 30, 2010

 

The Bank Securities and Fraud Cell (BS&FC) of CBI Kolkata has filed chargesheets against two officers of Canara Bank, five private persons and one private limited company in the special CBI Court, Bankshall for allegedly causing wrongful loss to the Canara Bank, Burrabazar Branch, Kolkata to the tune of Rs.9.83 crores. The chargesheet has been filed under various provisions of IPC and Prevention of Corruption Act, 1988. According to CBI sources in Kolkata the private limited company based at Raigunj in North Dinajpur District and its two directors approached Canara Bank, Burrabazar Branch, Kolkata for credit limits in the name of the company by suppressing the loan liability and defaulter status of the company at State Bank of India, Raigunj Branch and by enclosing false and forged audited balance sheet copies of false IT returns, etc. got fabricated through a consultant of Kolkata with the assistance of another person showing inflated sales figures. By accepting the loan application and false and forged autied balance sheets containing discripancies the then sernior manager, Canara Bank, Burrabazar Branch, Kolkata dishonestly and fraudulently prepared false credit investigation report without making any enquiries about the party and without obtaining any opinion report on the party from SBI, Raigunj Branch. The senior manager recommended and got sanctioned term loan of Rs.4.5 crores and OCC limit of Rs.3.75 crores to the private limited company. The limits sanctioned to the company were disbursed by the then senior manager and his successor in gross violation of the terms of sanction and allowed the funds to be diverted by the directors of the company for various other purposes through the accounts opened in the names of four proprietory units floated by the director of the private limited company and his son. As a motive of reward for extending the undue favours to the company one of the bank officers had accepted one laptop valued at Rs.40,750/- from the accused director of the private limited company.

 

sp/dk/kol/18:04 hrs.

 

--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/