Bhopal: CBI raids premises of builders, bankers
The officials entered into a criminal conspiracy with aforesaid firms and sanctioned and disbursed 42 housing loans in the name of various borrowers on the basis of false IT returns, balance sheets.
Bhopal: A CBI team conducted raids at residences and offices of three city-based builders and two former officials of State Bank of Mysore here in connection with a loan scam of nearly Rs 12-crore.
The raids were carried out simultaneously yesterday at Mysore, Bhopal and New Delhi, in connection with three cases registered by the central probe agency following a complaint against them, an official release said today.
During the raid, CBI seized various incriminating documents from the residence and offices of two partners in Prakhar Construction Builders and Developers here besides from M/s Tanushree Homes and Bank Manager as well as Assistant Manager, who were suspended following the scam between 2006-2009.
According to CBI, these officials entered into a criminal conspiracy with aforesaid firms and sanctioned and disbursed 42 housing loans in the name of various borrowers brought by the builders M/s Prakhar Construction on the basis of false IT returns, balance sheets among other relevant documents.
The present, whereabouts of these borrowers is not known and no sale deed is available in respect of these 42 housing loans and the builder firm, thereby causing wrongful loss to bank and wrongful gain to themselves to the tune of Rs 4.47 crore, following, which a case was registered against them, the release said.
Another case was registered against Prakhar builders and bank officials, where no construction was taken up by the builder firm, thereby causing wrongful gain to themselves to the tune of Rs 4.48 crore, it said.
The third case was registered against the Manager (Bhopal branch) then Assistant Manager and M/s Tanushree Homes and its proprietor on allegations that the then Manager and others entered into a criminal conspiracy with the firm and sanctioned and disbursed 21 housing loans in the name of various borrowers.
These borrowers were brought by M/s Tanushree Homes and the bank officials without ascertaining their identity and correct, whereabouts and sanctioned loans to them.
Later, the builder firm did not take up construction and thereby caused wrongful loss to bank and wrongful gain to themselves to the tune of Rs 2.40 crore, it said.
After obtaining search warrants from the Court of Special Judge, CBI, Bhopal, searches were conducted yesterday at offices and residential premises of accused bank officials and builders at Bhopal, New Delhi and Mysore and various incriminating documents were seized and these are being scrutinized.