New Delhi: The Central Bureau of Investigation on Tuesday filed a charge sheet against a former Chief Manager, Syndicate Bank, Udaipur Branch (Rajasthan) and his wife; a Chartered Accountant of Udaipur; a Businessman (Real Estate Developer of Jaipur) and another person from Udaipur under section 120-B read with sections 420, 467, 468, 471, 472, 474 of IPC and Sec. 13(2) read with 13(1)(d) of Prevemtion of Corruption Act, 1988 in the Court of Special Judge, CBI Cases in Jaipur (Rajasthan) for allegedly causing a loss of about Rs. 1000 crore to Syndicate Bank.
A case was registered by the CBI in this case on 7 March 2016 on a complaint from Syndicate Bank against the then General Manager, FGM Office, Syndicate Bank, New Delhi; then DGM, Regional Office, Syndicate Bank Jaipur; then Chief Manager, MI Road Branch, Syndicate Bank, Jaipur; then AGM, Malviya Nagar Branch, Syndicate Bank, Jaipur; then AGM, Syndicate Bank, Udaipur; a Chartered Accountant & two private persons from Udaipur; a private person of Jaipur; certain private companies and other unknown public servants & private persons for causing an alleged loss of Rs.1000 crore to the Bank.
It was alleged that the accused persons in connivance with the bank officials committed fraud by resorting to discounting of fake cheques, discounting of fake bills against fake LCs and arranging Overdraft Limit against non-existent LIC Policies at two Jaipur Branches -Malviya Nagar and MI Road and one Udaipur Branch of Syndicate Bank. Searches were conducted on 8 March 2016 at 10 locations including Jaipur, Udaipur and New Delhi leading to recovery of incriminating documents.
On 18 March 2016, CBI arrested a Chartered Accountant of Udaipur and a businessman (real estate developer) of Jaipur. In further searches, cash totalling Rs. 66 lakh, certain electronic hard drives and incriminating documents were recovered from the premises of a Chartered Accountant’s employee. An amount of Rs. 20.98 lakh was also recovered on 26 April 2016 from another employee of the Chartered Accountant.
During the course of investigation, CBI arrested the then Chief Manager, Syndicate Bank, Udaipur Branch and a private person on 6 June 2016. The arrested private person had allegedly conspired with the Chartered Accountant and others by providing forged and false cheques that were used to siphon off the bank funds. The then Chief Manager, Udaipur Branch allegedly discounted the forged cheques presented by accused persons and exceeded his sanctioned powers while discounting the forged cheques. It was also found that the wife of the then Chief Manager was allegedly involved in the conspiracy as she had received Rs. 5.7 crores out of the defrauded bank funds as beneficiary and co-conspirator with her husband and others.
It was also found during investigation that LIC policies pledged against loans were allegedly fake. LIC policies were allegedly issued in the name of different persons for different terms & sum assured and, therefore, were found to be forged and false.
After thorough investigation, CBI has filed the first charge sheet.