Those accused in the case have been identified as M/s Chintamani Projects (P) Ltd situated at CBD Belapur in Navi Mumbai, its director, two property valuers and unknown officials of Central Bank of India.
The Central Bureau of Investigation (CBI) has registered a case of cheating and criminal conspiracy against a Belapur based company and officials of Central Bank of India for allegedly causing loss of Rs 22 crore to the bank through fraudulent means.
Those accused in the case have been identified as M/s Chintamani Projects (P) Ltd situated at CBD Belapur in Navi Mumbai, its director, two property valuers and unknown officials of Central Bank of India.
According to the complaint filed by Kallatti D G, a senior manager with the Central Bank of India, the said company had committed cheating and forgery by submitting fake title deeds in bank and defrauding bank to the tune of Rs 22.71 crore.
As per Kallatti, in 2003, the company had requested the bank to avail cash credit and overdraft facilities to carry out their business. In order to secure the facilities, the directors had furnished their personal guarantees, stocks and book debts of the company and equitable mortgage of two properties.
"The bank alleged that directors of the company with the help of two valuers succeeded to execute their criminal designs to cheat bank by overvaluing the properties shown by them as guarantee and get the money sanctioned and disbursed by the bank. The company availed the facilities through the directors-cum-guarantors to the extent of Rs 18 crore and the present outstanding in the account of the company is Rs 22.71 crore," said a CBI official, requesting anonymity.
The company's account was declared fraud in December 2017. CBI registered a case under sections 120-B (criminal conspiracy), 409 (Criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating), 467 (Forgery of valuable security, will, etc), 468 (Forgery for purpose of cheating), 471 (Using as genuine a forged document, electronic record) of Indian Penal Code and sections of Prevention of Corruption Act.
THE OFFENDERS
- CBI filed a case of cheating, criminal conspiracy against a Belapur firm & Central Bank of India officials for allegedly causing loss of Rs 22 crore to the bank
- The accused are M/s Chintamani Projects (P) Ltd at Belapur, its director, 2 property valuers & unknown officials of Central Bank of India
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