New Delhi, March 26: The Central Bureau of Investigation (CBI) has registered a case against former senior officers of Syndicate Bank and others for allegedly causing a loss of about 209 crore rupees to the bank by way of cheating.
According to the CBI, a case of criminal conspiracy, cheating, forgery and corruption has been registered against two former Assistant General Managers and two former Chief Managers of the bank. It alleged in the complaint that the accused in criminal conspiracy with each other availed home loans and credit facilities from Jaipur and Udaipur branches of Syndicate Bank on the basis of forged documents.
The said accused in criminal conspiracy with each other availed home loans, credit facilities from Jaipur and Udaipur branches of Syndicate Bank on the basis of forged and fabricated documents. The funds so disbursed by Syndicate Bank were diverted and fraudulently siphoned off to the companies owned by accused persons, thereby causing an alleged loss to the bank.
The investigating agency also conducted searches at four places including Jaipur and Ajmer at the residential and official premises of accused persons. It is also informed that two accused are still in Judicial Custody and other one accused is on bail by Supreme Court of India on medical grounds in another case which was registered during March 2016 and chargesheeted by CBI. Further investigation is continuing, said CBI.