The CBI on Wednesday registered four cases in which loans taken by private entrepreneurs during 2012 and 2013 in the name of different companies against properties were diverted for purposes other than the ones for which they were sanctioned resulting in their accounts becoming on Performing Assets (NPAs).
The CBI booked cases against three then bank officials and three persons belonging to private firms based in Pune and Baramati, following searches conducted at the official and residential premises of the accused.
During the searches, the investigators seized incriminating documents relating to case. They also either attached or seized various movable & immovable assets, including two flats, 3 vehicles and certain bank accounts/investments from the premises of then AGM, Bank of Maharashtra (BoM) Model Colony Branch, Pune.
Of the bank officials booked in the four cases, Ajit Gokhale, the then Assistant General Manager & Branch Head of BoM, Model Colony branch, Pune figures in two cases. The three persons belonging to private firms booked in connection with the four cases were identified as Nitin Marutrao Kale, who figures in two cases, Sunil Dattarraya Madane and Vinod Yeshwant Rupanwar.
In the first case registered against then Assistant General Manager & Branch Head of BoM, Karve Road branch, Pune and then Director of Baramati (Maharashtra) based private firm, it was alleged that the Baramati-based private firm entered into a criminal conspiracy with the then bank official and availed loan amount of `4.45 crore in December 2012 for trading and services, under the loan Against Property (lAP) scheme on the basis of ineligible mortgaged properties.
The borrower, who diverted the loan amount for some other purpose, did not pay back the loan and the account became NPA, thereby causing an alleged loss of `5.16 crore, including the interest due thereon to the Bank of Maharashtra.
In the second case registered against then Assistant General Manager & Branch Head of BoM, Karve Road branch, Pune and then Director of another private firm based at Baramati, the functionary of the private firm entered into criminal conspiracy with the then bank official and availed loan amount of `5 crore in December 2012 for trading & services, under the loan Against Property (lAP) scheme on the basis of ineligible mortgaged properties.
like in the first case, the borrower did not pay back the loan and the account became NPA, thereby causing an alleged loss of `5.80 crore, including the interest due thereon to the Bank. The loan amount was allegedly diverted by the said firm towards commercial real estates, for a purpose other than the one for which the same was sanctioned.
Similarly, the CBI registered the third case against then Assistant General Manager & Branch Head of BoM, Model Colony branch, Pune and then Proprietor of Baramati-based private firm, while the agency booked Assistant General Manager & Branch Head of Bank of Maharashtra, Model Colony branch, Pune and then Proprietor of Baramati based private firm in the fourth case.
In the third case, the private firm borrowed `5 crore in February 2013 for trading & services, under the loan Against Property (lAP), did not pay back substantial loan amount and the account became NPA, thereby causing an alleged loss of `4.59 crore including the interest due thereon to the Bank.
The loan borrowed in the fourth case was `4.52 crore in February 2013. The borrower’s became NPA, thereby causing an alleged loss of `5.36 crore, including the interest.