CBI books duo for rendering NPA and loss to Central Bank


The Central Bureau of Investigation (CBI) has registered a case on the complaint from Central Bank against two Partners of a Resorts & Hotel based at Naldehra, District-Shimla (Himachal Pradesh) and Unknown persons/officials of the Central Bank of India for causing an alleged loss to Central Bank of India.

It was alleged that both accused persons had availed a Term Loan of Rs.1,55,00,000/- from Central Bank of India, The Mall, Shimla branch for setting up of a hotel & resort at Naldehra, District Shimla and out of the sanctioned Term Loan of Rs. 1,55,00,000/-, an amount of Rs.1,25,00,000/- was disbursed by the Bank Authorities.

It was further alleged that out of the disbursed loan amount of Rs.1,25,00,000/- the accused persons invested a meare amount of Rs. 25-30 lakh (approx) towards the construction of the hotel whereas the remaining loan amount was mis-utilized by the borrower by diverting the funds for their personal use on the basis of fake & forged bills/invoices due to which the loan turned Non Performing Assets (NPA).

It was also alleged that the guarantor for loan sanctioned in favour of said Resorts & Hotel was having an OD A/c with Central Bank of India in the name of a fruits company in which an amount of Rs.1.65 crore (approx) was outstanding. Searches were conducted at seven places in Shimla & Panchkula(Haryana) including the residential premises of accused person which led to recovery of several incriminating documents.

The case has been registered by the CBI under section 120-B read with 420, 405, 467, 468 & 471 of IPC and 13(2) r/w 13 (1) (d) of PC Act, 1988. The investigation is undergoing.

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ML Verma is a Senior journalist, with more than a decade of experience of active reporting for electronic media, news agencies and fast paced online media.

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