SBI bank manager held for loan fraud

SBI bank manager held for loan fraud

A former manager of Jama Masjid branch of State Bank of India has been arrested for fraudulently sanctioning loans to a customer who has been listed as a loan defaulter with other banks as well.

Police have also arrested the customer Mahesh Mehta for getting a loan of Rs 2.5 lakh sanctioned by producing forged documents.

While the bank manager Sukhpal Singh, 56, and Mehta, 40, have been arrested in the case, two of their accomplices Prem Parkash Suneja, a retired AGM rank officer of SBI and one Parveen Kumar are still at large.

Forged papers

Forged documents, including a PAN card, voter I-card and some other papers, have been recovered from the accused, police said.

“Branch manager of SBI, Jama Masjid had filed a complaint alleging that Mahesh Mehta had obtained a loan of Rs 2.5 lakh in 2008 by using false and fabricated documents. The facts came to the notice of the bank officials only when they started the recovery process of the loan amount,” said additional commissioner of police Devesh Srivastava.
“It was then learnt that no such person named in the loan documents was residing on
the given address,” said Srivastava.

Investigations revealed that Mehta had obtained the loan in connivance with Sukhpal Singh who was the branch manager in 2008 and other accomplices Suneja and Kumar.
“Prem Parkash Suneja prepared forged documents by changing Mehta’s father name and address. Mehta further disclosed that he used to pay 30 per cent of the loan amount to Suneja, Singh and Parveen Kumar after the sanction of loan amount,” Srivastava added.
Officials said Mehta had earlier got loans from Axis Bank, ICICI Bank, City Finance and HSBC Bank. However, he did not repay the loan amount and became a defaulter. Later his name was shown in the CIBIL List, police said.