Rs 8 crore scam unearthed by CBI at Guwahati Bank of India branch

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Rs 8 crore scam unearthed by CBI at Guwahati Bank of India branch

Guwahati:

Rs 8 crore scam unearthed by CBI at Guwahati Bank of India branch

The Central Bureau of Investigation (CBI) has unearthed an alleged multi-crore rupee loan scam at the main branch of the Bank of India (BOI) in Guwahati.

The alleged fraud took place between 2012 and 2014. Copies of the three FIRs filed in this case are in the possession of the media. The FIRs were filed on June 9 at the CBI/Anti-Corruption Branch, Guwahati office.

Scam at Guwahati Bank of India branch

The fraud related to the sanctioning and disbursal of loans by violating the procedures and guidelines of the bank, thereby causing wrongful loss to the bank to the tune of more than Rs 8.5 crore, as stated in the FIR.

The CBI has named then chief manager of the bank Ran Vijay Kumar as one of the accused.

Rs 8 crore scam unearthed by CBI at Guwahati Bank of India branch

In one of the cases, the FIR mentioned that Kumar had allegedly misused his official position and entered into a “criminal conspiracy” with private persons namely Tapan Paul, Baby Paul, Noor Hasan, Gurjit Singh, Simanta Jyoti Deka and others. Kumar sanctioned loans amounting to Rs 3.27 crore under the Small Road Transport Operator (SRTO) Scheme without adhering to the bank’s guidelines and disbursed the loan without any due diligence and this led to the wrongful loss to the bank. The private persons used forged/fake documents for taking the loan and thereby cheated the bank, the CBI stated in the FIR.

The second FIR mentioned that Kumar entered into a “Criminal conspiracy” with private persons namely Shankar Chettry, Jitendra Kumar Agarwal, PK Biswas, Sanjib Kumar Hazarika, Simanta Jyoti Deka and others and sanctioned the loans for on purchasing the machinery/excavators leading to the wrongful loss to the bank to the tune of Rs 2.68 crore. The private persons cheated the bank by using forged/fake documents for availing of the loans.

In the third FIR, the CBI mentioned that Kumar sanctioned a cash loan of Rs 2.69 crore to Lhakpa Tsering, proprietor of M/s Lhakpa Trading Agency, for purchasing of machinery/excavator and civil contract work by violating the guidelines. The CBI alleged that Tsering submitted false/forged sale certificates to the bank and Kumar also deliberately did not conduct proper verification to ensure end use of the fund.

The cases have been registered under Sections 120B (criminal conspiracy), 420 (Cheating), 467 (forgery of valuable security), 468 (forgery for cheating) and 471 (using a forged document as a genuine one) of the IPC and Sections 13(2), 13(1)d of the Prevention of Corruption Act, 1988.

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