CBI FILES TEN CHARGESHEETS AGAINST FIFTEEN PRIVATE PERSONS IN A CHEATING CASE

Press Release
New Delhi , 30.12.2013

            The Central Bureau of Investigation has filed ten separate charge sheets against fifteen private persons in the  Court of Special Magistrate for CBI cases, Indore U/s  120-B, 420, 467/471 IPC in a cheating case.

 

            A case was registered on 31.3.2012 on a complaint of UCO Bank U/s 120-B, 420, 467, 468 & 471 of IPC & Section 13(2) r/w 13(1)(d) of PC Act 1988 on the allegation  that some officers/officials of UCO Bank, in connivance with private persons & empanelled advocates of Bank, allegedly processed & disbursed 4 Shelter Loans and 8 Mortgage Loans amounting to Rs.3,91,00,000/- on the basis of forged title deeds of the properties offered as securities. The borrowers fraudulently and dishonestly obtained multiple finances mortgaging same properties with different banks. The borrowers allegedly offered the forged documents of same properties to the UCO Bank, thereby cheating the Bank.

 

            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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