New Delhi, Sept 30: CBI today chargesheeted a former branch manager of Bank of Baroda (BOB) and seven others for allegedly causing pecuniary loss of Rs 195 lakh to the bank by misusing the bank's term loan and credit facilities. Besides V B Katoria, who was manager of BOB's Pusa Road branch, the chargesheet filed in the court of special judge Prem Kumar names the then managers (credit) R K Singhal and G K Chawla and some private persons.

CBI had registered the case on April 29, 2002 on the basis of a complaint against a private taxi firm Saras Cabs and its directors Santosh Kumar Jasrasaria and his wife Rachna.

BOB's Pusa branch had allotted Rs 210 lakh to Santosh for purchasing 50 radio taxi cabs.

However, the directors floated a fictitious company-competent automobiles -with one of their own employees M C Gupta as its proprietor, and siphoned off Rs 95 lakh without effecting purchase of the cabs, the agency claimed.
They also got a huge amount as credit facilities in the name of Abhinav Enterprises, a proprietory firm in the name of Santosh for facilitating supply of food items to Department of Social Welfare, govt of national capital region of Delhi, Nagaland government and Delhi Super Bazaar, it said.

Further, an amount of Rs 64.4 lakh was siphoned off to a fake firm owned by another of Santosh's employees M K Kurup, the chargesheet alleged.
Bureau Report