Bengaluru: Sleuth from the Anti-Corruption Unit (Bengaluru) Central Investigation Bureau (CBI) recently registered FIR against three entrepreneurs from Hassan and others on charges of producing fake bank account statements and utilizing Rs 5.6 Crore from state banks from the state Section of India, Hassan branch.
Fraud allegedly revealed when SBI officials approached a rented accountant who represented employers and examined the bank account information equipped with the defendant.
Bank officials filed complaints after the CAS confirmed the details when forged.
FIR identified the defendant as a motorbike Rangathaswamy, Rangathaswamy Communications and its partners, N Pratap, N Pradeep and Vasantha from Hassan, among others.
The complaint was submitted by M Sripathi, regional manager, SBI-Hassan.
FIR registered by ACB-CBI read: “In 2017, Rangathaswamy Communications and Rangathaswamy Motors have approached the bank to take over their loans from Canara Bank, Hassan and Standard Chartered Bank, and the Bank approved a loan during March 2017.” Furthermore, the allegations in complaints that during the update of working capital facilities after one year, the financial statements submitted by the borrower were referred to the CAS HC Manjunath and HS Nandini Manjunath to confirm whether they were original.
CAS rejects certification and signatures in financial statements for 2016-2017.
They also confirmed that the audited financial statements submitted by borrowers for 2014-2015 and 2015-2016 did not match those who were originally certified by them.
Borrowers are accused of colluding with unknown civil servants and private people and create forged financial statements intended to be signed and issued by the Chartered accountant mentioned above.
They represent them as original documents before the bank made him sanction loans, so that deceiving Rs 5.6 Crore, said FIR.