CBI has registered three cases against a branch manager of a Central Madhya Pradesh Gramin Bank for allegedly sanctioning fraudulent loans amounting to about Rs 10.26 crore which caused a loss to the bank.
In a statement today, the agency said the three cases for alleged criminal conspiracy, cheating, forgery and relevant provisions of Prevention of Corruption Act were registered against the Branch Manager, Central Madhya Pradesh Gramin Bank who was posted at Vidisha and Berasia Branch at the time of fraud.
"It is alleged that the Branch Manager, Central Madhya Pradesh Gramin Bank while posted at Vidisha and Berasia Branch of Madhya Pradesh had abused his official position during the year April 2011 to April 2013 and fraudulently sanctioned & disbursed loans amounting to about Rs.10.26 crore in various accounts against unknown FDR, WHR and KCC, thereby, causing a loss to bank," CBI said.
"Search was conducted at the premises of public servant at Bhopal and incriminating documents were recovered. The documents are under scrutiny," it said.
