fir: Fir Against 3 Bizmen For Availing5.6cr Loans With Forged Papers | Bengaluru News – Times of India

BENGALURU: Sleuths from the anti-corruption unit (Bengaluru) of Central Bureau of Investigation (CBI) recently registered an FIR against three businessmen from Hassan and others on charges of producing forged bank account statements and availing loans of Rs 5.6 crore from State Bank of India, Hassan branch.
The alleged fraud came to light when SBI officials approached the chartered accountants representing the businessmen and cross-checked the bank account information furnished by the accused. Bank officials filed the complaint after the CAs confirmed the details as forged.
The FIR identified the accused as Ranganathaswamy Motors, Ranganathaswamy Communications and its partners, N Pratap, N Pradeep and Vasantha from Hassan, among others. The complaint was filed by M Sripathi, regional manager, SBI-Hassan. The FIR registered by ACB-CBI reads: “In 2017, Ranganathaswamy Communications and Ranganathaswamy Motors had approached the bank for takeover of their loans from Canara Bank, Hassan and Standard Chartered Bank, respectively, and bank sanctioned the loans during March 2017.”
Further, it was alleged in the complaint that at the time of renewal of working capital facilities after one year, the financial statements submitted by the borrowers were referred to CAs HC Manjunath and HS Nandini Manjunath to confirm if they were genuine. The CAs declined the certification and signature in financial statements for 2016-2017. They also confirmed that the audited financial statements submitted by the borrowers for 2014-2015 and 2015-2016 did not match with those originally certified by them.
The borrowers were accused of colluding with unknown public servants and private persons and creating forged financial statements purported to be signed and issued by the aforesaid chartered accountants. They represented them as genuine documents before the bank to made it sanction the loans, thereby cheating it of Rs 5.6 crore, says the FIR.

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Sagar Biswas

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