CBI files chargesheet against then Branch Manager of State Bank of Hyderabad

New Delhi, Jalandhar, January 11, 2014: The Central Bureau of Investigation has filed a chargesheet against the then Branch Manager, State Bank of Hyderabad, MP Nagar Branch, Bhopal and four private persons in the Court of Special Judge for CBI cases, Bhopal U/s 120B, 419, 420, 467, 471 of IPC and Section 13(2) r/w 13(1)(d) of PC Act, 1988 for causing an alleged loss of about Rs.318.52 lakh.
A case was registered on December 1, 2011 U/s 120-B, 420, 468 & 471 of IPC and section 13(2) r/w 13(1)(d) of PC Act 1988 against the then Branch Manager, State Bank of Hyderabad, MP Nagar Branch, Bhopal(Madhya Pradesh) and others. It was alleged that during the period from June 5, 2009 to September 29, 2010, the then Branch Manager, State Bank of Hyderabad, MP Nagar Branch, Bhopal entered into criminal conspiracy with  five Proprietors of Private Construction firms, who were involved in housing construction and conspired with the unknown borrowers to cheat the State Bank of Hyderabad, MP Nagar Branch, Bhopal to the tune of Rs 318.52 Lakh(approx) by way of facilitating availment of Housing Loans on fraudulent & dishonest submission of fake salary slip; documents related with inflated cost of construction, and showing the documents as purportedly genuine to the bank.
After completion of investigation, CBI filed a chargesheet.