Like our Facebook Page

news details

CBI files challan against six including then Sr Manager BoB in Rs 242.16 Lakh fraud 8/3/2015 11:03:29 PM Early Times Report Jammu, Aug 3 : CBI/ACB Jammu presented challan against six accused including former Senior Manager Bank of Baroda (BoB) Gandhi Nagar Jammu u/s 120-B r/w 419/420/467/478/471 RPC r/w section 5(1) (d) r/w 5(2) of J&K PC Act SVT 2006 in the Court Special Judge Anticorruption CBI. According to officials spokesperson, the challan was presented against former Senior Manager Bank of Baroda (BoB) Gandhi Nagar Jammu, Yash Raj Singh Prop M/S Modern Agro Tech, Khema Kumari w/o Yash Raj Singh, Surjeet Singh s/o Jaswant Singh of Nai-Basti Jammu, Janak Singh and Mohd Iqbal r/o Jogi Gate Jammu for diverting funds to beneficiaries thus turning NPA with a total outstanding of Rs 242.16 lakhs thereby causing undue loss to the exchequer. According to challan, T R Dogra then Branch Manager presently Senior Manager Bank of Baroda Gandhi Nagar Branch Jammu in criminal conspiracy with Yash Raj Singh Prop M/s Modern Agro Tech and some unknown persons illegal got processed and disbursed a loan to the tune of more than Rs 2.0 Crores in favour of aforesaid industry by abusing his official position. "No proper pre-sanctioned inspection was conducted by TR Dogra or other branch officials and on the basis of his recommendation, Regional Office Bank of Baroda Chandigarh sanctioned loan of Rs 9.60 lakhs as working capital limit and Rs 213.14 lakhs as termed loan to Yash Raj Singh vide sanctioned order December 30, 2006. During the investigation it was further alleged that a total of Rs 98.0 lakhs have been diverted from M/s Modern Agro Tech to M/s Rightways Industries, another proprietorship firm of Yash Raj Singh. "The Verification of end use of fund has also not been done as required because of the connivance among the accused and funds were diverted or siphoned off resulting in the account turning into NPA with a total outstanding of Rs 242.16 lakh as June 30, 2010, thereby causing undue loss to the exchequer and undue benefit to Yash Raj Singh & Ors, spokesperson said adding, " after completion of investigation CBI presented challan against accused. (JNF)   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

'Madhav, Jaitley the real villains, local BJP leaders their slaves' Shopkeepers turn down appeal of BJP MLAs to open markets Mir demands AIIMS for Kashmir, Sham for Jammu None will trust betrayers of Jammu cause 'Rein in Lal Singh to subdue people's anger' Fraud by CDC's Director: JU orders probe after ET report SKIMS confirms molestation bid on patient by technician Shocker! KAS officer among nallah encroachers at Sarwal Colony; JMC silent Qayoom Najar's aide found dead Legislator backs off to keep Hizbul happy Police deptt withdrawing excessive security to ex-ministers Now, parents blame Edu Minister for giving freehand to pvt schools PMGSY babus alter site plan to oblige minister Poonch hospital battles staff dearth CJM directs police to register case against ACR, 5 others HUDD fails to complete many ongoing projects BPL men asked to deposit Rs 20,000 as RTI fees? Fake facebook page puts Dr Shah Faesal in tight spot Hypocrite NC leaders forget their anarchy, shed tears over lathicharge on 'peaceful' protesters

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE