<p>Port Blair: Former Congress MP of Andaman and Nicobar Islands, Kuldeep Rai Sharma, was questioned by the CID over <a href="https://www.deccanherald.com/india/andaman-and-nicobar-islands/fir-lodged-against-ex-cong-mp-vice-chairman-of-anscbl-for-irregularities-in-sanctioning-loans-3554038">alleged irregularities</a> in sanctioning loans by a state cooperative bank, and his passport has been seized, officials said on Sunday.</p>.<p>Earlier, an FIR was lodged against Sharma, who is the vice-chairman of the Andaman and Nicobar State Cooperative Bank Ltd (ANSCBL).</p>.<p>“The CID has seized his passport, as part of our investigation. He has been asked to appear again before the investigating officers whenever required,” a senior police officer said.</p>.<p>“We have also seized the original loan files of 65 individuals/firms, including former chairman late Bhagat Singh (father of Kuldeep Rai Sharma), ANSCBL directors and their relatives...” he said.</p>.<p>The officer said efforts are underway to rope in a forensic audit expert to trace the flow of funds from the sanctioned loan accounts to the final utilisation.</p>.<p>“We have noticed large withdrawals in a short duration, which is raising suspicions that the funds were misused or diverted. Seized documents also suggest manipulation in property valuation certificates,” he said.</p>.<p>The managing committee of the ANSCB allegedly overlooked recommendations of the loan screening committee as well as CIBIL reports while sanctioning the advances, police sources said.</p>
<p>Port Blair: Former Congress MP of Andaman and Nicobar Islands, Kuldeep Rai Sharma, was questioned by the CID over <a href="https://www.deccanherald.com/india/andaman-and-nicobar-islands/fir-lodged-against-ex-cong-mp-vice-chairman-of-anscbl-for-irregularities-in-sanctioning-loans-3554038">alleged irregularities</a> in sanctioning loans by a state cooperative bank, and his passport has been seized, officials said on Sunday.</p>.<p>Earlier, an FIR was lodged against Sharma, who is the vice-chairman of the Andaman and Nicobar State Cooperative Bank Ltd (ANSCBL).</p>.<p>“The CID has seized his passport, as part of our investigation. He has been asked to appear again before the investigating officers whenever required,” a senior police officer said.</p>.<p>“We have also seized the original loan files of 65 individuals/firms, including former chairman late Bhagat Singh (father of Kuldeep Rai Sharma), ANSCBL directors and their relatives...” he said.</p>.<p>The officer said efforts are underway to rope in a forensic audit expert to trace the flow of funds from the sanctioned loan accounts to the final utilisation.</p>.<p>“We have noticed large withdrawals in a short duration, which is raising suspicions that the funds were misused or diverted. Seized documents also suggest manipulation in property valuation certificates,” he said.</p>.<p>The managing committee of the ANSCB allegedly overlooked recommendations of the loan screening committee as well as CIBIL reports while sanctioning the advances, police sources said.</p>