Punjab Newsline, Chandigarh, February 4 –
The Punjab Vigilance Bureau (Now State Bank of India), Sultanpur Lodhi Branch, District Kapurthala. The accused, in connivance with bank officials, Private Individuals, Officers/Employees of the State Revenue Department, Embezzled Crows of Rupees through fraudulent means.
Providing Details, A VB spoakesperson stated 5, Dated 09-03-2017 was lodged at the vigilance bureau range jalandhar police station under sections 409, 420, 467, 468, 468, 471, and 120-b of the ipc, along with sections 13 (1) and 13 (2) of the prevention of corruption act. The Investigation Reveled That Accused, In Collusion with the Branch Manager and Other Bank Employees, As Well as Revenue Officials, Fraudulntly Obtained Loans and Credit Limits, Siphoning MONY FROM the TREASURUS. The Inquiry Establed that Approximately Rs 3.71 Crore Had Been Misapproprited Through 14 Loan Files as of April 30, 2016.
Explaining the modus operandi, the speakesperson added that the accused secured bank loans using fickleous identifies and fraudulent land records.
