The Central Bureau of Investigation has arrested an accused (resident of B.B. Ganguly Street, Kolkata) in a Bank Fraud case involving wrongful loss to the tune of Rs.5.32 crores (approx.) to the Canara Bank.
It is alleged that the arrested accused, in conspiracy with the then Branch Manager and others availed several loans from Canara Bank, College Street Branch, Kolkata during 2005-2007 in the names of fictitious units by furnishing false and forged documents. These forged documents were got prepared through one of his employees and a private person. The loans were sanctioned by the then Branch Manager after preparing false credit investigation reports in respect of non-existing proprietory units. The proceeds of loans were siphoned to the accounts of the arrested accused.
The arrested accused was produced before Special Judge for CBI cases, Bankshall, Kolkata and was remanded to CBI custody up to 24.09.2010.
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