Saturday, February 13, 2010

Rs 2.5 crores irregularities unearthed-Bhopal




Bhopal, Feb 10: 
Central Bureau of Investigation sleuths today raided a Central Bank of India office at Arera Hills, Rajdhani Construction and Shalimar Builders' premises at Maharana Pratap Nagar here and seized home loan scam documents amounting to about Rs 2.5 crore, CBI sources said. A first information report was recently registered against the Bank's Senior Manager K K Chaurasia and Assistant Manager Basant Pawse, Rajdhani's Brajesh Singh Yadav and Shalimar's Badshah Khan. The CBI also questioned persons linked to the case. The loan was sanctioned by these people on the basis of fake names and documents. The raids are continuing.
Bank sources informed that the former senior manager KK Chaurasia and assistant manager (Loans and Advances) Vasant Pawse were suspended for more than 6 months and the bank internal vigilance team had unearthed irregularities in loan advances worth more than R 2 crores. Chaurasia had been immediately shifted to Mandideep branch from the Arera Hills branch while Pawse was not posted anywhere after suspension and remowal from post.
Sources informed that in most of the home loan advance, the two officials released excess amounts of loan, committing gross irregularities. These officers are also being accused of accumulating huge wealth, disproportionate to their sources of earning.


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