CBI REGISTERS THREE SEPARATE CASES AGAINST TWO THEN CHIEF MANAGERS OF CORPORATION BANK; DIRECTOR/PROPRIETOR OF PRIVATE FIRMS & OTHERS INCLUDING AN ADVOCATE ON THE ALLEGATIONS OF CHEATING THE BANK, AND CONDUCTS SEARCHES AT 10 LOCATIONS

Press Release
New Delhi, 01.06.2017

            The Central Bureau of Investigation has registered three separate cases on a complaint from Corporation Bank against two then Chief Managers; Director/Proprietor of private firms; middlemen; an advocate & others on the allegations of criminal conspiracy, cheating & forgery etc. 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 & 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 have been 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 & 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 U/s 120-B r/w 420,468 & 471 of IPC and u/s 13(2) r/w 13(1)(d) of PC 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.Nine crore 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 & the Branch Manager, Corporation bank, Vasant Vihar Branch, New Delhi; an Advocate; a private Consulting firm based at Delhi/Gurgaon; two middlemen(private persons); a Proprietor of Delhi based private firm and unknown others U/s 120-B r/w 420,468 & 471 of IPC and u/s 13(2) r/w 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.Nine crore against fake, false & forged documents.

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

            Further investigation is in progress.

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