Kerala - Thiruvananthapuram   

CBI charge-sheets former Vijaya Bank CMD

Thiruvananthapuram: The Central Bureau of Investigation (CBI), on Thursday, booked the former Chairman and Managing Director of Vijaya Bank Manmohan Singh Kapoor on the charge of accepting bribe for sanctioning a loan of Rs. 1.4 crore. The bank’s former Ernakulam Regional Manager K. Shambu Rai and the former Vytilla branch manager Jayakumar Pillai were also charge-sheeted.

The case is that the borrower’s husband, K.M. Sali, was made to pay Rs. 70, 000 for the jewellery Kapoor’s wife purchased from a gold shop in Ernakulam. After the graft came to light, the accused officials compelled the shop owner to alter the name of Kapoor mentioned in the sales bill recorded in the shop’s computer. The CBI used the help of cyber forensic experts at the Centre for Development of Advanced Computing here to retrieve the digital evidence from the computer. The CBI said in its charge sheet that the other two suspects had accepted up to Rs. 6 lakh as bribe for sanctioning the loan to Najuma Sali. The CBI Superintendent of Police T. Vikram and Deputy Superintendent of Police V. Nandakumar Nair investigated the case.

The CBI, on Thursday, unearthed large-scale corruption in the allocation of “mortgage loans” for businessmen by the Agriculture Development Bank of the State Bank of India in Alappuzha.

The agency said certain bank officials had sanctioned 43 such loans amounting to a total of Rs 4.3 crore without accurately assessing the value of the land mortgaged by the borrowers. The CBI accused the officials of not properly verifying the land documents produced as collateral by the beneficiaries.

The CBI raided the houses of bank manager Abraham Joseph, branch manager Joy Joseph, value assessor Sreenivasan and the bank’s legal advisor Giji. The loans were granted between March and December 2006. The transactions have caused a loss of Rs. 3 crore to the Centre.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

A guide to decentralisation of powers
KSEB to ‘automate’ distribution in 3 cities
Salary on August 23
Woman’s murder: probe continues
Court orders Vigilance inquiry into KTDFC allegations
MES founder chairman dead
Competitions for schoolchildren
Plea to tackle LPG shortage
Grain, lorries seized at Inchivila
CBI charge-sheets former Vijaya Bank CMD
3,000 Onam fairs, markets this year
Nod for rehabilitation
9,105 candidates submit options
Thiruvananthapuram Today

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu