The CBI Court in Indore has convicted and sentenced Thirteen accused private persons, namely, Anil Patel, Manmohan Yadav, Kailash Yadav, Mona Yadav, Deepak Yadav, Ashish Patel, Tulsiram Yadav, Mohan Yadav, Rajani Yadav, Sandeep Yadav, Satish Patel (Patil), Kalpana Patel and Radha Yadav to Rigorous imprisonment for Five Years with a total fine of Rs. 1.56 Lakh, in a bank fraud case.
The Central Bureau of Investigation (CBI) registered the case on 30.03.2012 based on the complaint received from Deputy Zonal Manager UCO Bank, Indore alleging that the accused persons availed loan facilities by mortgaging land actually belonging to third parties at different locations, and showing the values of different property by using fictitious identities.
The accused submitted forged title deeds by forging signatures of Sub-Registrar and false SDO revenue diversion orders to bank, thereby causing wrongful loss to the Bank of over Rs.3 Crore.
On completion of the investigation, the CBI filed 10 chargesheets on 20.12.2013. The Hon’ble Court after taking cognizance started trial proceedings in 10 court cases arising out of RC 03/2012 registered by the CBI. The Court, after the trial, convicted and sentenced all the accused, accordingly.
When a property is mortgaged in a bank, the bank asks its empaneled advocate to search the property. If the property seems to be good and all documents are genuine then only the bank sanctions the loan. The advocate searches the property in the sub-registrar office also and certified copies are also checked. How the advocate could not find the issue in property is also a big question and CBI should investigate that also.
