The High Court on Thursday dismissed the petition filed by Independent MLA and former Minister D. Sudhakar challenging the charge-sheet filed by the Central Bureau of Investigation (CBI) in connection with a bank fraud case.
Justice N. Ananda dismissed the plea while holding that there was a prima facie case against the Minister.
The CBI had filed a charge-sheet based on the complaint filed by State Bank of Mysore (SBM).
It has been alleged in the charge-sheet that loans worth crores of rupees were taken by companies owned by Mr. Sudhakar from the SBM.
The CBI had charged that the loan was taken in the names of employees of several public sector undertakings by producing forged and fictitious documents.
Real estate purposes
The loans were used for real estate purposes by his firms Seven Hills Properties Ltd. and Trishul Enterprises Ltd. during 2003 to 06.
The petitions filed by other accused in the case have also been dismissed.