The CBI Court in Ahmedabad has convicted three private individuals in a housing loan fraud case related to Vijaya Bank. The court sentenced Balmukund Mithailal Dubey, Dharmesh J. Dhairya and Alpesh Ashwinbhai Thakkar to three years of imprisonment and imposed a fine of ₹50,000 each.
The Central Bureau of Investigation (CBI) had registered the case on December 15, 2009 against Jayesh K. Prajapati and unknown officers or officials of Vijaya Bank. According to the CBI, Jayesh Prajapati, in conspiracy with others, obtained a housing loan in March 2004 by submitting false and forged salary, employment and property documents related to a flat in Jalvihar Society. Based on these fake documents, a housing loan of ₹4.78 lakh was sanctioned.
During the investigation, the CBI found that Jayesh Prajapati, Alpesh Thakkar, Balmukund Dubey and Dharmesh Dhairya had prepared and used forged documents to cheat the bank. The accused also opened fictitious bank accounts to siphon off the loan amount.
The investigation revealed that the outstanding amount in the loan account, including unpaid instalments and interest, was around ₹7.85 lakh, causing a wrongful loss of the same amount to Vijaya Bank.
After completing the investigation, the CBI filed a charge-sheet on December 31, 2010 against all four accused. After the trial, the court convicted and sentenced the three accused accordingly.
The case against Jayesh Keshubhai Prajapati has been separated by the court, as he has been absconding since the investigation stage.
