iconimg Friday, August 28, 2015

HT Live Correspondent
Panchkula, November 23, 2012
The Central Bureau of Investigation (CBI) special court, Haryana, on Friday sentenced five people, including a woman, to one-year rigorous imprisonment for duping the Sector-16 branch of State Bank of India (SBI) of Rs. 15.25 lakh by taking vehicle loans on forged documents.

CBI special judge Najar Singh sentenced Deepak Malhotra, his wife Neelam Malhotra, his brother Kamal Kumar, Harjit Singh and the then chief manager of the bank, Lokesh Sharma, to one-year rigorous imprisonment with a fine of Rs. 10,000 each.

Deputy manager of the bank, BK Sharma was also an accused in the case, but he was let off. "No evidence came against him. He was wrongly framed in the case," said his counsel Kamal Joshi.

Deepak Kumar Malhotra had applied for Rs. 4lakh second-hand car loan on May 11, 2002, and on the same day, the loan was granted on the basis of a fake ration card, employment particulars, which showed that he was working for a non-existent company, Magnum Industries Systems Ltd. The registration certificate, submitted with the bank, for the second-hand car showed it was a Kirloskar jeep, which was already in his name.

Neelam, wife of Malhotra, applied for Rs. 4lakh loan to buy a second-hand Ford Ikon car on May 27, 2002, and on the same day the loan was sanctioned. She had also submitted fake copies of ration card, fake employee particulars and registration certificate.

Kamal Kumar, brother of Malhotra, applied for Rs. 4lakh loan on July 10, 2002, for purchase of a second-hand Ford Ikon car, which was sanctioned on the same day. The vehicle valuation report was fake, residence proof was never submitted and he showed himself to be working for the non-existent firm like his brother and the inquiry into the vehicle number revealed that it was actually a Maruti 800 car.

Harjit Singh, who also showed himself to be an employee of non-existent Magnum Industries, applied for a car loan to buy a second-hand Maruti Esteem car on June 26, 2002, for Rs. 3.25 lakh by impersonating as Kanwaljeet Singh. The valuation report was fake and it was found that the registration number was that of a Hyundai car.