Daijiworld Media Network - Kaup (SP)

Kaup, Feb 18: Deputy general manager and zonal head of Corporation Bank, zonal office, Udupi, Dahlia A D'Sa, has filed complaint in Shirva police station against some persons including two branch managers of Kattigeri branch, accusing them of causing loss to the bank by conniving in sanctioning fraudulent loans which were granted in violation of procedures and powers delegated to the managers.

In the first case, Sumangala Rao from Kattigeri, with the aim of cheating the bank, availed of loan of Rs 10,00,000 from Kattigeri branch of Corporation Bank for catering business without providing any security. In the second instance, Sandesh Kumar Shetty, son of Jayaram Shetty from Heroor Udupi had availed of loan of ten lac rupees on February 23, 2015 from Kattigeri branch of Corporation Bank for running shop and no security was provided for this loan and bank rules were violated. Sandesh Kumar Shetty was again granted loan of ten lac rupees on March 19, 2015 for running mobile shop by waiving securities and thus violating bank norms and without mentioning the loan raised by him earlier. Chandakanth Rao from Bailoor, Udupi, was granted loan of ten lac rupees for building construction without securities. The borrower had taken way Rs 3,50,000 directly while the balance was adjusted towards the loan raised by him in the past. Chandakanth Rao was granted another loan of Rs 4,80,000 for the purchase of generator but the loan amount was directly given to the borrower without remitting to the company. Ravi Achary was granted loan of Rs 15 lac for purchase of apartment.

Kattigeri branch of Corporation Bank (file photo)

In all these cases, manager of the bank, Shantha, has been accused of being hand in glove with the borrowers.

Likewise, P Jayaram, branch manager of Kattigeri branch of Corporation Bank, has been accused of granting loans to Maxim Merseline, and also to Chandrakanth Rao of Annapoorna Developers Kattigeri and Sumangala Rao Kattigeri for construction activities. Vani of Hudco Colony and Harish Kukkundoor Karkala also were sanctioned Rs three lac by violating bank rules.

In all these cases, the deputy general manager of the bank has accused the branch managers, P Jayaram and Shantha and also the borrowers concerned of cheating the bank by violating rules and norms. On the basis of the complaint, case has been registered under No. 27/2020 under sections 406, 409, 420 and 34 of Indian Penal Code relating to cheating. Police are investigating.