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Thursday, 11 February 2021

Former bank manager, firm owner held guilty

Tribune News Service

Chandigarh, February 10

A CBI court has held a former bank official of Punjab and Sind Bank and a Chandigarh-based construction firm owner guilty in connection with an eight-year-old fraud case worth crores.

Dr Sushil Kumar Garg, Special Judge, CBI Court, will pronounce the quantum of sentence on February 12.

Inderjit Singh, former manager of Punjab and Sind Bank, and Tarsem Lal Singla, director of M/S Aakriti Construction, were held guilty under Sections 120-B, 420, 468 and 471 of the IPC and Section 13(1)(d) read with 13(2) of the Prevention of Corruption Act.

The court has acquitted another accused, GS Batra, who was also a former bank official.

The CBI, New Delhi, had registered the case in June 2013 following a complaint received from the manager of the bank in New Delhi alleging a fraud of Rs3.50 crore. The case was registered against two bank officials, Inderjit Singh and GS Batra, along with Tarsem Lal Singla.

During the investigation, the CBI conducted raids and searches at various places and the bank lockers of the accused at the Sector 47 branch of the bank. The CBI had found incriminating documents and bogus guarantees allegedly used by the accused. The CBI had filed a chargesheet in November, 2013.

Public prosecutor KP Singh argued that the accused in connivance with each caused huge loss to the bank by using bogus documents in the name of construction at Baddi in Himachal Pradesh. The CBI had claimed in the chargesheet that Singla had taken a loan from Punjab and Sind Bank to set up a hospital in Baddi town in Himachal Pradesh.

One acquitted

The court has acquitted another accused, GS Batra, who was also a former bank official.



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