Published On: Sat, Sep 15th, 2012

Court seeks ATR on Rs11 cr cheat case against bank

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A court has sought an action taken report from Delhi Police’s economic offence wing on a complaint filed by an exporter alleging that he was cheated of Rs 11 crore by some officials of a private bank and four others.

An additional chief metropolitan magistrate sought the report from the EOW cell after complainant Narendra Kumar Rajgarhia alleged that despite various police complaints, no action has been taken.

The magisterate sought an action take report on the complaint filed on June 23, 2012. There are sveral copies filed by Rajgarhia in this regard. The matter was fixed for further hearing on October 18.

The complainant a proprietor of Texcomach Exports, alleged he was mislead by R U K Zuberi.

He said Zuberi, in connivance with others including Rana Kapoor, managing director of Yes Bank, fabricated bank records and papers related to sanction of Rs 11 crore loan to his company.

Rajgarhia said Kapoor along with some other officials of the bank, Sanjay Aggarwal, Kapil Chugh, Manoj Garg and Zuberi fabricated the documents relating to sanctioning of the loan and also the records of his company.

Rajgarhia said he had paid Rs 85 lakh to them for their services relating to availment of loan from the bank. The complainant alleged that these persons introduced him to the bank officials in 2007 and he was made to sign documents, blank papers for the purpose of applying for loan.

He said Aggarwal and Chugh had told him that they have expertise in export business and they could get his money multiplied. They, however, cheated, he claimed.

The complainant claimed that it was in March 2011 he came to know about the banking fraud and that the four persons (Aggarwal, Chugh, Garg and Zuberi) were the ‘masterminds’ behind the fraud.

“As of today, Rs seven crore export bills payment are pending in Yes Bank. So in total almost Rs 11 crore have been siphoned off from the account by the accused in connivance with each other,” the complaint said.

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