Dehra Dun: CBI has arrested two persons
including a senior manager of Bank of Baroda for allegedly
sanctioning housing loans worth Rs 1.11 cr on the basis of
fake documents in Haldwani town of Nainital district.
Senior Bank Manager N C Arya and his agent friend Sher
Singh Nayal were arrested yesterday after CBI found the
charges against the duo correct during investigations, CBI
sources said here.
Arya and Nayal had opened 10 accounts with fake identity
in the main branch of the bank in Haldwani town in 2007 and
later sanctioned housing loans to them worth Rs 1.11 cr
enclosing fake documents with their application.
The scam came to light when none of the account holders
repaid their instalment. Later, an in-house inquiry revealed
that not only the identity of the account holders and the
documents enclosed with the applications were fake but also
the properties against which the loan was passed was nowhere
on ground and Arya had done this with the help of Nayal.
Later, a case against the two was lodged with the CBI
which conducted investigations and arrested them.
The duo were produced before a special CBI judge
Narendra Dutt who sent them to 14-days` in judicial custody.