CBI FILES A CHARGESHEET AGAINST TWO THEN MANAGERS OF STATE BANK OF MYSORE FOR CHEATING THE BANK & CAUSING AN ALLEGED LOSS OF Rs. TWO CRORES(APPROX)

Press Release
New Delhi , 03.01.2013

            The Central Bureau of Investigation has filed a chargesheet against the then Manager & the then Assistant Manager both of State Bank of Mysore, Bhopal(Madhya Pradesh) and Proprietor of a private firm in the Court of Special Judge for CBI Cases, Bhopal U/s 120(B) r/w 420 of IPC and Sec. 13 (2) r/w 13(1) (d) of PC Act 1988 for causing alleged loss of Rs. 200.40 Lakhs(approx) to Bank.

 

            A case was registered on 02/08/2011 against the then Manager & the then Assistant Manager both working in State Bank of Mysore, Bhopal(M.P) and a private firm & its Proprietor under section 120-B, 420, 464, 468 & 471 IPC and 13(2) r/w 13(1)(d) of P C Act 1988 on the allegations that the then Manager, State Bank of Mysore, Branch Bhopal & others entered into criminal conspiracy with aforesaid firm. The accused sanctioned & disbursed 21 housing loans in the name of various borrowers brought by the builders (aforesaid private firm) and without ascertaining the identity & correct whereabouts of the borrowers. The builder firm did not take up construction and thereby caused alleged loss to bank to the tune of Rs. 200.40 lakhs(approx).

 

            After completion of investigation, seven separate charge sheets have been filed against the accused persons.

 

            The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.

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