CBI gets big success in UP Bank fraud case, 3 accused arrested from Maharashtra

Lucknow
The Central Bureau of Investigation (CBI) has arrested three absconding accused from Maharashtra in connection with the bank fraud case in Lucknow. A CBI spokesperson said that Gaurav Sagar Gupta was arrested from Pune while Vaibhav Gupta and Usha Gupta were arrested from Mumbai. The trio was produced in a Lucknow court and sent to judicial custody.

The CBI had on December 13, 2007 registered a case against three arrested accused and 12 other accused including officials of Union Bank of India and Central Bank of India in Lucknow for being involved in conspiracy along with others in the matter related to sanctions and disbursements. An FIR was registered against them in connection with the sanction of housing loans and CCH limits with forged and forged documents.

Multiple home loans taken from two banks
The spokesman said that Union Bank has suffered an alleged loss of Rs 201.59 lakh and Central Bank Rs 49.40 lakh. It is also alleged that eight home loans from Union Bank, three home loans from Central Bank and six CCH limit/term loans for purchase of semi-finished flats from Union Bank were sanctioned, but the accused diverted the loan amount. done.

It is also alleged that these housing loans were obtained by the accused on the basis of bogus LTRs, bills of non-existing firms etc. The sanctioned loans were wrongly acquired.

Non-bailable warrant was issued by declaring him a fugitive
After investigation, in April 2010, a charge sheet was filed against 15 accused including the then officials of both the banks and private persons, the official said. The three accused were not appearing before the trial court in Lucknow since the filing of the charge sheet against them on 30 April 2010, and it declared them absconders and a non-bailable warrant was issued against them on 14 October 2019.

What is the whole matter?
The CBI had also registered a case on December 28, 2007 against Gaurav Sagar Gupta and unknown officials of Punjab National Bank, Lucknow. It is alleged that the accused resident of Lucknow took a housing loan of Rs 12.80 lakh on the basis of forged documents in conspiracy with the officials of PNB and the bank suffered loss due to non-refund of the said amount. In the second case, a charge sheet was filed against the four accused in January 2010.