CBI Charge Sheets Syndicate Bank Officials, 16 Others In Rs 209 Crore Fraud

The accused defrauded the bank of Rs 209.93 crore by availing loans on the basis of forged documents, bills, quotations, certificates, among others, the probe agency said.

The Central Bureau of Investigation (CBI) has filed a charge sheet against businessman Anoop Bartaria and former Syndicate Bank Assistant General Manager (AGM) Adarsh Manchanda along with 16 others for allegedly defrauding the bank of Rs 209 crore, officials said. In its charge sheet submitted before a Special Court in Jaipur, the probe agency has also charged Chartered Accountant (CA) Bharat Bomb in the matter, they said. "It was alleged in the complaint that 118 loan accounts were sanctioned and disbursed by three branches of Syndicate Bank, namely, MI Road branch, Jaipur, Malviya Nagar Branch, Jaipur, and Udaipur branch. The 118 accounts were housing loan accounts, term loan accounts for the purchase of commercial property of World Trade Park (WTP), overdraft limits, and Foreign Letter of Credits," CBI spokesperson RC Joshi said. It was further alleged that Bharat Bomb had conspired with his employees and others, including the branch officials of Syndicate Bank, and got various credit facilities sanctioned.