SBM officials accused of cheating KSPCB

May 31, 2014 12:48 am | Updated May 23, 2016 04:53 pm IST - Bangalore:

Karnataka State Pollution Control Board has filed a complaint against officials of the State Bank of Mysore for allegedly refusing to return a fixed deposit of Rs. 10 crore even after the maturity of the funds.

Based on the complaint filed by the board’s Chief Finance Officer Ravi Kamalapurkar, the Upparpet police registered a case of cheating and forgery against senior officials of the bank’s Avenue Road branch. In his complaint, Mr. Kamalapurkar said that SBM officials had refused to release the amount citing the board’s outstanding loans.

Despite Mr. Kamalapurkar’s stand that the board had not taken any loan, bank officials insisted that they clear the loan first. They also produced a set of documents which claimed that the board had indeed availed itself of a loan and defaulted in payment of instalments. Upon further verification by board officials, it was found that the documents with the bank had been forged. Mr. Kamalapurkar submitted the documents to the police seeking detailed inquiry.

“We have sent the documents to the forensics laboratory for further investigation and are awaiting a report,” a senior police officer said.

Ends life

Meanwhile, Assistant General Manager of State Bank of Mysore’s Avenue Road Branch, who was accused by the board of cheating, allegedly committed suicide.

The police said that the bank official Ramesh ended his life at his residence in R.T. Nagar on Monday.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.