CBI registers three cases against two ex-Chief Managers of Corporation Bank

Newsroom24x7 Staff

New Delhi: The Central Bureau of Investigation has registered three separate cases on a complaint from Corporation Bank against two former Chief Managers; Director-cum-Proprietor of private firms; middlemen; an advocate and others on the allegations of criminal conspiracy, cheating and forgery.

It was also alleged that the accused named in FIRs have floated various firms for the purpose of cheating the bank fraudulently by taking loans on the basis of fake and forged documents and the private agencies played important role by providing false reports to get the loan sanctioned. Huge loss in crores was caused to Corporation Bank.

Searches were conducted today at 10 places, including Ghaziabad (07 places); Delhi, Gurgaon & NOIDA (One place each) in the office-cum- residential premises of private persons and the bank officials. which led to recovery of documents relevant to the case.

The first case was registered against then Chief Manager, Corporation bank, Zonal Office, Delhi-South; then Chief Manager and the Branch Manager, Vasant Vihar Branch, New Delhi; an Advocate; a private consulting firm at Delhi/Gurgaon; two middlemen (private persons); two Directors of private Healthcare firm based at Ghaziabad/Delhi and unknown others under Section 120-B read with 420, 468 and 471 of Indian Penal Code and undr Section 13(2) read with 13(1)(d) of Prevention of Corruption Act, 1988 on the allegations of cheating the bank by getting loan sanctioned to the said private Healthcare firm of Delhi to the tune of Rs. 90 million on the basis of false, fake and forged documents.

The second case was registered against then Chief Manager, Zonal Office, Corporation Bank, Delhi-South; then Chief Manager and the Branch Manager, Corporation bank, Vasant Vihar Branch, New Delhi; an Advocate; a private Consulting firm based at Delhi/Gurgaon; two middlemen; a Proprietor of Delhi based private firm and unknown others under Section 120-B read with 420,468 & 471 of IPC and under Section 13(2) read with 13(1)(d) of PC Act, 1988 on the allegations of cheating the bank by getting loan sanctioned to the said firm to the tune of Rs. 90 million against fake, false and forged documents.

The third case was registered against then Chief Manager, Corporation Bank, Zonal office, Delhi-South; then Chief Manager and the Branch Manager, Corporation bank, Vasant Vihar Branch, New Delhi; an Advocate; a private Consulting firm based at Delhi/Gurgaon; two middlemen; a Proprietor of Delhi based private firm and unknown others under Section 120-B read with 420,468 & 471 of IPC and under Section 13(2) read with 13(1)(d) of PC Act, 1988 on the allegations of cheating the bank for getting loans to the tune of Rs. 90 million sanctioned to the same firm on the basis of fake and forged documents.