E-Paper
Former bank manager booked for giving loans on nazul lands
The city police have booked a retired manager of Punjab State Co-operative Agriculture Development Bank (PADB) on the charges of granting loans in 170 cases of nazul land during his tenure as the manager.
The city police have booked a retired manager of Punjab State Co-operative Agriculture Development Bank (PADB) on the charges of granting loans in 170 cases of nazul land during his tenure as the manager.
A complaint was filed by the Anil Bhardwaj, the present manager in the bank, after citing losses due to non-recoveries of the loans sanctioned by the accused manager.
"Former manager Bhupinder Singh, after conniving with the loaners, sanctioned loans worth Rs. 5.43 crore in 170 such cases. However, under the provisions of the Nazul Land Act, this land cannot be sold to people belonging to the General category.
The dealings matured during his stay in the bank as manager from September 6, 2005 to September 4, 2012," submitted the complainant, who was successor to Bhupinder Singh.
After investigating the complaint, the police booked Bhupinder Singh under Sections 409 (criminal breach of trust by a bank manager) and 120-B (criminal conspiracy).
