The Central Bureau of Investigation has filed a Charge Sheet against the then Credit Manager, Bank of India, Guwahati (Assam); Proprietor of a Private Trading Agency based at Itanagar (Arunachal Pradesh); Proprietor of a Private firm based at Itanagar; a Businessman (Ex-Sales Manager of the said Private firm) and a Surveyor of Insurance Company, Guwahati before the Special Judge, CBI cases, Guwahati (Assam).
A case was registered against the accused persons and unknown others. It was alleged that the then Credit Manager, Bank of India, Guwahati Main branch, Guwahati during the year 2012-14 misused his official position and entered into a criminal conspiracy with other accused including said proprietors. The said Bank Official had allegedly sanctioned the Term Loan & Cash Credit Loans for purchasing the Machinery /Excavators, civil contract work by violating the procedures & guidelines of bank and also disbursed the loan. It was further alleged that the borrowers failed to repay the Term Loans and Cash Credit Loans, which turned NPA, causing loss to the tune of Rs. 1,98,50,000/-(approx) to bank.
After investigation, CBI filed the chargesheet.
The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it. Under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.