GUWAHTI: The Central Bureau of Investigation (CBI) has registered a case against a multi-crore loan scam which allegedly took place between 2012 and 2014 at the main branch of the Bank of India (BoI), Guwahati.
The alleged fraud relates to the sanctioning and disbursal of loans by violating the procedures and guidelines of the bank, thereby causing wrongful loss of more than Rs 8.5 cr.
The CBI has named the then chief manager of the bank, Ran Vijay Kumar as one of the accused after FIRs were filed at the CBI/Anti-Corruption Branch, Guwahati.
The cases were registered under the 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.
Kumar had allegedly misused his “official position” and sanctioned loans amounting to Rs 3.27 cr 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.
Further, he sanctioned loans for purchasing of machinery/excavators/civil contracts leading to the wrongful loss to the bank to the tune of Rs 2.68 cr and 2.69 cr respectively.
The CBI alleged that all the persons involved in acquiring the loan have submitted false/forged documents and certificates to the bank and Kumar deliberately did not conduct proper verification to ensure end use of the fund.