Shubham case: Charges by CBI court

 6 December 2009

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CHANDIGARH: In a fresh development in the Shubham hospital case,
 special CBI court framed charges against two key accused, five bank officials



The case hit the headlines when the owner of Shubham Hospital
and Diagnostic Centre in Sector 20, Panchkula, Sandeep Sharma,
 was booked for obtaining a fake medical degree. Subsequently,
interrogation revealed the accused’s involvement in many loan frauds.

While the bank officers were booked under corruption charges,
a case against the others was registered under sections 420,
120B, 467, 468 of IPC. The matter would come up for hearing
before the special CBI court on December 17.

Those charged include key accused Sandeep and former secretary
 of a housing society, Gita Ram Thakur, apart from 12 others.
The bank officials against whom charges have been framed are
chief manager S N Mahajan, senior manager R K Chaba and manager
 Shashi Bhushan Gupta of Punjab National Bank and Cooperation
Bank manager M Nageswara Rao, apart from another official,
M Ramachandran. The lawyers are Moninder Singh of the district
 courts and R S Batran of Panchkula.

Sandeep had allegedly secured crores of rupees as loans from
the two banks against documents related to 23 flats in various
societies of Panchkula. As per investigations, the property
papers were forged.

A case was registered on the complaint of Corporation Bank’s
deputy general manager M Gokul Das Kamath on June 26, 2008.

It was alleged that between August 2006 and March 2007,
the bank had provided four different credit facilities to
 Shubham Hospital and Diagnostic Centre and its partners
Sandeep Sharma and Ranjana Sharma. The loan amount released
to them was Rs 146.15 lakh.

According to the CBI probe, Sandeep and Ranjana had submitted
 an application on August 17, 2006 to the bank. Thereafter,
the financial institution rendered credit facilities under
different schemes like term loan, mortgage loan and home loan
 in favour of Shubham Hospital and Diagnostic Centre.

The bank had also sanctioned housing loans totalling Rs 138.85
lakh during December 2006-March 2007 to 12 individuals for purchase
 of flats from Sandeep at Bishanpura Cooperative House Building Society.
 Sharma had done this by allegedly using fake certificates,
which were verified by lawyers. Police also booked Sandeep
for possessing a fake doctor’s degree.

Loan list 
According to investigating officials, Sandeep Sharma took a
loan of Rs 2 crore from Punjab National Bank, Sector 16,
 Chandigarh, Rs 1 crore from Bank of India, Sector 16,
Panchkula, Rs 1 crore from Punjab and Sindh Bank, Rs 40 lakh
from Oriental Bank, Manimajra and Rs 1 crore from
 Corporation Bank of Chandigarh.