The Central Bureau of Investigation has filed charge sheets in four cases registered by it last year against senior officials of a public sector bank and a private company for allegedly receiving kickbacks in sanctioning of loans.
Charge sheets have been filed against former LIC Housing Finance CEO Ramchandra Nair, the then general manager of Bank of India R.N. Tayal, the then deputy general manager of Punjab National Bank Venkoba Gujjal and Rajesh Sharma, chairman and managing director of private financial services firm Money Matters.
The charge sheets also named two employees of Money Matters — Sanjay Sharma and Suresh Gattani — as accused.
According to the CBI, the accused bank officials colluded with the private company to sanction large loans to housing firms, overriding mandatory conditions for such approvals.
They were also gathering confidential business information from financial institutions.
According to the charge sheets, Mr. Nair took a bribe of Rs. 16 lakh, Mr. Tayal of Rs. 45 lakh and Mr. Gujjal of Rs. 25 lakh.
All the accused have been booked on the charge of criminal conspiracy under section 120 B of IPC and various sections of Prevention of Corruption Act. The CBI had earlier also filed a charge sheet against Maninder Singh Johar, director of Central Bank of India in the same scam.
While all the accused were arrested soon after the cases were registered against them on November 22 last year by the economic offences wing of the CBI, the accused were released on bail later.
