CBI registers bank scams worth Rs 1,680 cr

 According to CBI sources, the cases involve false valuation, wilful defaulters, forging documents, fabricating documents to dupe banks and in many cases, the officials of the bank are also involved.

Published: 01st April 2018 03:24 AM  |   Last Updated: 01st April 2018 03:24 AM   |  A+A-

CBI Headquarters (File photo | PTI)

Express News Service

BENGALURU: After the Punjab National Bank multi-crore scam made national headlines, many banks in south India have reported about the frauds with Central Bureau of Investigations in Bengaluru, which amounts to a whopping Rs 1,680 crore.

In the six cases registered with Bengaluru CBI this year, the State Bank of India has been duped Rs 1,268 crore in three various cases, which includes the infamous Kanishk Gold Pvt Ltd cheating. Sources said that the CBI is yet to make arrests but have summoned many to appear before the investigating officials to register the statement.

According to CBI sources, the cases involve false valuation, wilful defaulters, forging documents, fabricating documents to dupe banks and in many cases, the officials of the bank are also involved. In the latest case registered by CBI, UCO bank in Bengaluru have been cheated with Rs 19 crore with the involvement of the former bank manager. According to CBI, Jayanagar branch UCO bank manager K R Saroja has disbursed various loans to 18 persons under various bank schemes between August 2013 to June 2016, with the help of a middleman named B S Srinatha. He submitted fake and fabricated documents to support the applicants’ proof of income in order to become eligible to avail the loans.

It is also alleged that Gopinath R Agnihotri, owner of R and G associates, Jambunath and N Venkatesh of N Venkatesh associates of Bengaluru, have inflated the valuation and failed to give their fair valuation report to facilitate the sanction of loans.

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