CBI recovers documents used to disburse loan | india | Hindustan Times
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CBI recovers documents used to disburse loan

The CBI team recovered loan documents used to disburse a loan of Rs One crore to 43 fake persons during a raid conducted at the home and office of Lakhnadoun branch manager of Regional Rural Bank.

india Updated: Oct 06, 2008 22:22 IST

The CBI team on Monday recovered loan documents used to disburse a loan of Rs One crore to 43 fake persons during a raid conducted at the home and office of Lakhnadoun branch manager of Regional Rural Bank.

Acting on a tip-off, the CBI team from its Jabalpur office conducted raids at the office and residence of the then branch manager of Regional Rural Bank, Satendra Kumar Ratle and recovered documents used to disburse loans to 43 fake people under Kisan Credit Scheme in 2006, official sources said.

The matter came to the notice of bank chairman this year, following which it was referred to the CBI for probe.

Besides Ratle, the CBI team has also conducted raids at the offices and residence of seven other persons residing in Seoni and Lakhnadoun town, the sources said adding the raid was going on till late evening.