Ujjain: Local unit of Economic Offences Wing (EOW) on Friday booked Bank of India (BoI) chief manager Ashok Kumbhare, credit manager Arvind Kumar Verma, loan borrower Ulhas Kalkar, Kishore Kumar Jaiswal (main conspirator) and guarantor Ratan Patel for fraudulently drawing loan of Rs 1.95 crore from the bank.
They have been booked under sections 467, 468, 471, 420 and 120 of IPC besides sections 13 (1) D and 7 (C) of Prevention of Corruption Act 1988 (amended). All of them are reported to be on the run.
EOW SP Rajesh Raghuwanshi informed that main conspirator Jaiwal, who resides at Rishi Nagar, had borrowed loan of Rs 1.95 crore from BoI’s Sethi Nagar branch in the name of his employee Kalkar of same locality for purchasing grains. The loan amount was sanctioned on October 30, 2014 and the amount was withdrawn on January 6, 2015 and then transferred in the bank accounts of Jaiswal’s firm Neelkrishna Brothers, his wife Mohini Jaiwasl and peon Rajendra Chaurasiya. Patel resident of Depalpur tehsil were the guarantor.
Branch manager Lalit Kumar Acharya had made a complaint to the EOW in this regard. During preliminary investigation, it was discovered that the alleged accused had forged documents and also committed several other irregularities.
