Amritsar30 minutes ago
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In Rajasthan’s Rs 1257 crore Syndicate Bank fraud case, the Enforcement Department (ED) has made another arrest from Chandigarh. Himanshu Verma, a resident of Chandigarh, has been arrested. Which was also produced in the special court of Jaipur after the arrest. Where Himanshu’s 10-day remand has been obtained by the ED.
ED’s investigation revealed that between 2011 and 2016, Udaipur-based chartered accountant Master Mind Bharat Bam took a loan of Rs 1257 crore from the then Syndicate Bank in connivance with bank officials. Bharat Bomb of Udaipur took loans of 1257 crores separately in the name of his family members in five years. This loan money was transferred to the shell companies of Bharat Bomb. These loans taken at different times in five years were never repaid. The name of Himanshu Verma, a resident of Chandigarh, also appeared in this whole work. Which was now arrested by the ED and presented in the court.
Property in the name of employees, even tribals
The ED investigation revealed that Bharat Bomb and its associates wrongly transferred the loans taken from the bank to the accounts of fake companies. Shell companies were created only to divert this money. Apart from this, these companies did not do any work. Bharat Bomb and associates bought a lot of benami properties with the money taken from the fraudulent loans. Farm houses were bought in the name of even the tribals. A lot of property was also bought in the name of many employees working in the bomb.
Attached property worth 537 crores till now
ED has so far attached properties worth Rs 537.72 crore in the Syndicate Bank fraud case. Earlier, the ED has attached properties worth Rs 478 crore by issuing four separate attachment orders. Now this figure has gone up to 537 crores with assets of 56.81 crores. Recently a demand draft of 2.25 crore was also attached. ED investigation is going on in this case.
Fraud happened in two branches of Syndicate Bank in Jaipur and one in Udaipur
The conspiracy of bank fraud was hatched by Bharat Bam, a chartered accountant from Udaipur, along with some businessmen, his own employees and the officers of MI Road branch of Syndicate Bank, Jaipur. Forged documents, forged bills and documents were used for bank fraud. Siphoned money into shell companies. The role of Syndicate Bank employees also came to the fore in the CBI investigation.
The entire scam was done from the branches of MI Road, Malviya Nagar and Udaipur of Syndicate Bank in Jaipur. 118 loan accounts and housing loan accounts were found in this scam. Through them the loan was taken from the bank and then not repaid. In this case, the CBI has presented the charge sheet one and a half years ago. Now the ED investigation is on.