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Loans on fake gold: Record the case

The CBI has registered a case against two of them, including the Bank of Baroda (BOB) managing director, for allegedly cheating.

TB Praveen Kumar, managing director of BOB Kengeri branch and SK Subramanya Reddy, president of Sri Gokulam Education Trust, have filed a case. Boli Regional Office Deputy Manager Lalit Tyagi has lodged a complaint with the CBI.

Praveen, who worked in the BOB between December 13, 2018 and 2018 from 2017, joined Subramanya Reddy with a total of Rs 12.51 crore for 57 people.

The total amount of 186 gold loan was sanctioned. Bank manager Praveen has sanctioned loans to 44 accounts, violating the bank’s policy, exceeding the authority to sanction loans up to Rs 10 lakh. He also alleged that the forgery had been signed by the bank’s top officials to provide illegal loans.

Praveen, who has plotted a conspiracy with lenders, guarantees and other persons, has Rs 10.68 crore to the bank. Losses. The complainant has alleged that he has benefited from this illegality.

The CBI has registered a case under the Prevention of Corruption Act (IPC).

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