New Delhi, December 27, 2014 : The Central Bureau of Investigation has filed a charge-sheet in the Court of the Special Judge for CBI Cases, Ahmedabad (Gujarat) U/s 120B r/w 420, 467, 468 & 471 of IPC & Sections 13 (2) r/w 13(1) (d) of Prevention of Corruption Act, 1988 against then Bank Manager and three private persons, for conspiring to cheat Indian Overseas Bank, Himmat Nagar Branch, District Sabarkantha(Gujarat) and causing an alleged loss of to the tune of Rs.2.53 crores (approx)
A case was registered Under Sections 120B read with 420, 467, 468 & 471 of IPC & Sections 13 (2)read with 13(1) (d) of Prevention of Corruption Act, 1988 against the said Branch Manager of IOB, Himmat Nagar Branch and 15 private persons, on the allegations that the Branch Manager, in conspiracy with the private persons, sanctioned agricultural term loans, for making Green House projects, without obtaining any documents.
However, no such Green House projects were undertaken at all and the loans were disbursed without following the laid down banking norms. Analleged loss of Rs.2.53 Crores(approx) was caused to the Indian Overseas Bank, Sabarkantha District(Gujarat).
(SK Vyas/Jalandhar)
-----------------------------
Readers may send their news/views/feedback to us:
cityairnews@gmail.com
-----------------------------
Join us on facebook (fb): www.facebook.com/cityairnews
Date:
Saturday, December 27, 2014