The Central Bureau of Investigation has registered a corruption case against four senior officials of Syndicate Bank’s Jaipur and Udaipur branches, a chartered accountant and five others for an alleged loan fraud of about ₹210 crore involving 118 accounts. Some of the accused had been booked last year for fraud of over ₹1,000 crore. While three of the officials have been suspended, the fourth official has since retired.
Of the 118 loans, 80 were given for buying houses, 11 for commercial properties, 14 overdraft limits, 11 term loans and two Foreign Letters of Credit.
In all loans given for purchasing commercial spaces at World Trade Park in Jaipur, the funds were credited and instantly transferred to fictitious accounts.
