Panchkula, October 18
The Panchkula police have arrested a financial institution supervisor in reference to a Rs3.27-crore mortgage fraud for which a criticism was filed with the financial offences wing of the native police in 2017.
The accused, recognized as Nishan Lal, a resident of Zirakpur, was posted as department supervisor of the State Financial institution of Bikaner and Jaipur in Sector 11 when he allegedly dedicated the fraud. He was produced earlier than an area courtroom which despatched him to four-day police custody.
Based on complainant, the Department Supervisor of the State Financial institution of Bikaner and Jaipur, Sector 11, the prime accused sanctioned 19 fraudulent loans amounting to Rs3.27 crore in connivance with different accused, recognized as Ashustosh Garg, Ayush Garg, Gurinder Singh, Aruna Garg, Ravinder Kumar Jain and Sonia Jain.
“The proceeds of those funds had been straight or not directly diverted to a different account within the identify of M/s Sarvodaya Highways Ltd on the identical department, which having an publicity of Rs52.50 crore, has additionally been handled as a fraud and a separate criticism has been filed with the CBI’s financial institution restoration and fraud cell, New Delhi, by the financial institution,” the FIR reads. “It was discovered throughout an inner investigation by the financial institution that the property paperwork relating to 6 housing/mortgage mortgage accounts weren’t accessible on the department. The property mortgaged to the financial institution in case of three housing loans has been offered with out data to the financial institution,” the FIRadded.
“Loans sanctioned for building of the home had been disbursed on the identical day. In all these accounts, quantities have been transferred in another accounts,” the FIR reads, quoting the complainant. “The prime accused accommodated the accused individuals by deviating from procedures and permitting diversion of mortgage funds,” the complainant added. — TPR