Loan on forged documents: Shubham Hospital owner, 4 others get 3-yr jail
A Central Bureau of Investigation court on Wednesday sentenced five persons, including the owner of Panchkula- based Shubham Hospital, to three years’ jail in a multi-crore bank fraud.punjab Updated: Dec 24, 2015 11:45 IST
A Central Bureau of Investigation court on Wednesday sentenced five persons, including the owner of Panchkula-based Shubham Hospital, to three years’ jail in a multi-crore bank fraud.
The court had on December 21 acquitted four persons in the case. There were a total of nine accused in the case.
The court sentenced Shubham Hospital owner Sandeep Sharma, bank officials Nageshwar Rao and S Ramachandran, a beneficiary of the loan Vikram Sharma and secretary of Bishan Pura Building Society Geeta Ram Thakur to three-year jail. The court had acquitted Naresh Sharma, Suresh Sharma, Mahender Singh and Randhir Singh.
The Court imposed a fine of `45,000 on convict Geeta Ram Thakur, while Sandeep Sharma and Vikram Sharma have been slapped a fine of `25,000. Nageshwar Rao and S Ramachandran will have to deposit a fine of `35,000.
As per the prosecution, Sandeep took a loan of `2.65 crore from Corporation Bank by mortgaging 12 flats in Bishan Pura Cooperative Building Society Limited, Zirakpur, on forged documents. The CBI’s found that Sandeep was not the owner of the said flats. A case was registered on June 26, 2008 and charges were framed on December 15, 2009. Names Corporation Bank officials were also included as accused.
In January 2008, Sandeep was booked by the Panchkula police for cheating. Initially, Sandeep was accused of conducting eye surgeries in an illegal manner. As the investigations progressed, loan frauds committed by him came to the fore.
On the complaint Panchkula civil surgeon, the police sealed Shubham Hospital on January 30, 2008. The civil surgeon had alleged that Sandeep claimed himself to be an ophthalmologist whereas he didn’t held any such degree.