Like our Facebook Page

news details

CBI court discharges valuer in 'loan fraud' 12/22/2015 9:59:44 PM Early Times Report Jammu, Dec 22: In a case of alleged loan fraud of the Bank of Baroda, Gandhi Nagar, the Court of the Special Judge Anti-Corruption (CBI Cases), Jammu Vinod Koul Chatterji has discharged property valuer valuer H R Phonsa at the time of framing charge. In the landmark judgement announced by the court for the FIR No RC 0042013A0003 CBI/ACB/Jammu, the valuer Hem Raj Phonsa has been exonerated. In the judgement, the Special Judge Anti-Corruption (CBI Cases), Jammu Vinod Koul Chatterji observed that the investigating agency has not been able to prove that the valuer was at fault to rely upon the mortgagor for identification of the property for which the valuation report was given. Court observed that the valuer was not duty bound to take the assistance of revenue officials or bank officials for the purpose of the identification of the property and also observed that the valuer has no role to verify the title of the property documents and his role is limited to the valuation of the property only. Accordingly, the judge pronounced that the investigating agency has failed to make out a case of conspiracy against the valuer H R Phonsa. Hence forth, the valuer has been discharged and charges framed against other accused in the case shall be examined after five days from the statement was recorded. --(JNF)   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Factionalism mars State BJP president After SVC, CVC takes cognizance of irregularities in JU Finally, Hurriyat constituents challenge Geelani's dictatorship PDP's Mansoor calls dreaded terrorist Burhan 'Youth Icon' When Manmohan told Pak PM to forget Kashmir FS level talks: Ignored separatists pitch for inclusion Will BJP abolish tax on Mata Vaishno Devi pilgrimage? Permission denied to 2X3 bus operators for religious pilgrimage SHOs arrange 'dal-chawal' in BJP Minister's party Srinagar our heart, totally focussed on its development: CM Day dreaming: BJP's 44+ mission in J&K Despite opposition within, Mufti adamant to hold ULB polls on time Several water supply schemes abandoned for want of funds MC Katra denies info to RTI applicant; SIC issues penalty notice Major portion of Sainik Colony nullah constructed on private land, not encroached, say residents Problems plague State's health institutions Doda-Kishtwar roads claim 107 lives in 2 yrs PHC Thial executed 2009, still incomplete SDH Sopore sells out parking space to outsiders, authorities mum Seven days remand to accused in 'murder attempt' case

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE