HYDERABAD: Officials of the economic offences wing of Central Bureau of Investigation, Chennai have registered criminal cases against four software companies in Hyderabad, Vijayawada and Visakhapatnam, their 16 directors and others for submitting fake and forged property documents and duping the State Bank of India by obtaining loan amount worth Rs 31.68 crore. On October 26, CBI officials received several complaints from Ajoy Kumar Pandit, deputy general manager of SBI and controller of the Overseas branch in Visakhapatnam that the four companies — Global Prosolution Private Limited, Mammoth Technology Services (I) Private Limited, Hatch Studios Private Limited and Malvi Software Solutions Private Limited — and their directors allegedly duped the bank by submitting forged property documents for loans taken during 2012-2013.
CBI officials have registered two FIRs, naming 16 persons as accused; 14 of them are residents of Hyderabad (Ameerpet and Attapur), Vijayawada and Vishakapatnam. Two others are natives of Trivandrum in Kerala and Bellary in Karnataka. Cases of criminal conspiracy, cheating, dishonesty and criminal misconduct by public servant have been registered. The bank claimed to have taken action against four of its officials who were involved in the cheating.
Directors of Globaltek Prosolutions approached the SBI for loans to meet their business purpose during 2012-13 and availed various credit facilities to the tune of `8.62 crore by submitting fake and fabricated property sale deeds as collateral. Similarly, directors of Mammoth Technologies Services obtained `6.12 crore, Hatch Studios Private Limited promoters got `8.68 crore and Malvi Software Company representatives got Rs 8.64 crore as loans by submitting fake documents. The CBI is likely to raid properties of the accused soon.
Fast facts
The loans were taken using fake and fabricated property sale deeds, claimed investigating officials
after an internal inquiry, the bank has taken action against four of its officials for being part of the cheating
CBI is likely to raid those named soon