In a significant development, an FIR has been registered against three individuals, including the Managing Director (MD) of Axis Bank, in Lucknow. The case involves the alleged issuance of a fake loan based on fraudulent documents. The FIR was filed at the Gomti Nagar police station, bringing to light a 12-year-old case.
The investigation revolves around a company that purportedly changed its name in 2006, after which it obtained a loan of Rs 30 crore from Axis Bank. The loan was granted based on falsified documents submitted by the company. The recent FIR marks a significant development in this long-standing case.
Interestingly, the loan was disbursed in Delhi, while the FIR was registered in Lucknow. The complainant alleges that the company, which served as the basis for the loan, was created through fraudulent means. Furthermore, the personal guarantee signatures on the amendment cum link agreement were found to be fake and forged.
The individual who lodged the FIR has detailed in the complaint letter the creation of the fake company and the preparation of the guarantee documents in a fraudulent manner by Naushad Ahmed, the Managing Director of VIL Company. It is worth noting that the company to which Axis Bank granted the loan is currently registered in Delhi, and the loan was issued by the Delhi branch of Axis Bank.
FIR Registered After 12-Year Delay Following High Court Intervention
The investigation into this case commenced in 2012 when the applicant filed complaints on various platforms and approached different investigation agencies in Uttar Pradesh. However, at that time, no evidence was found to substantiate the allegations.
Despite the initial setback, the applicant filed a petition in the Lucknow Bench of the High Court, seeking intervention in the matter. As a result of the High Court’s involvement, the case has now been registered, reopening the investigation after a 12-year delay.
Case Filed Against Axis Bank MD, Credit Officer, and VIL Company MD
As a consequence of the FIR, a case has been registered against Amitabh Chaudhary, the MD and CEO of Axis Bank, as well as Amit Garg, a Credit Officer at Axis Bank, and Naushad Ahmed, the Managing Director of VIL Limited Company. The charges against them include fraud and the preparation of fake documents, among others.
