A case was registered against Ram Lal Gupta, Gourav Gupta and Sadashiv Puri and officials of UCO bank and revenue department for cheating and causing loss to the bank, a crime branch spokesman said.
A written complaint was lodged by AJ Patel, Zonal Manager, UCO Bank, Zonal Office, New Delhi alleging that loan limits of the three businessmen were sanctioned by UCO Bank Railway Road, Jammu against stocks and personal guarantee of one Kabla Singh of Samba district, the spokesman said.
So, the accounts of all the three above mentioned businessmen became Non Performing Assets (NPA) and secularisation notices were sent to Kabla Singh, who stood guarantor for the loans.
However, Singh denied having given any guarantee or mortgaged his land in favour of UCO Bank to secure the advances of the bank as he was illiterate and blind, he said adding the records of the UCO Bank showed that Kabla had signed the documents in English.
The accused cheated the bank and caused loss to the bank to the tune of Rs 65.70 lakhs, he said.
During further course of inquiry, it was found the accused persons in connivance with the officials of the UCO Bank as well as the revenue officials had mortgaged land of Kabla Singh in favour of bank by preparing forged and fictitious documents without his knowldge, he said.
Accordingly, a formal case has been registered in Crime Branch Jammu under the relevant sections against the accused.