CBI Arrests Accused From Pune And Mumbai For Duping Banks

Lucknow, 5th August 2021: The Central Bureau of Investigation (CBI) has arrested three absconding accused (private persons) from Pune and Mumbai in Bank fraud cases.

Gaurav Sagar Gupta has been arrested from Pune and Vaibhav Gupta and Usha Gupta have been arrested from Mumbai.

The arrested accused were produced before the Court of Special Judge, CBI, Cases, Lucknow and remanded to Judicial Custody.

CBI had registered a case on 13.12.2007 against the said three arrested accused and 12 other accused including officials of Union Bank of India, Sachivalaya Branch and Central Bank of India, Nakkhas Branch, Lucknow. It was alleged that the accused entered into conspiracy with themselves and others in sanctioning and disbursing housing loans and CCH limits against forged and bogus documents. An alleged loss to Union Bank of India for Rs 201.59 lakh (approx.) and Central Bank of India for Rs 49.40 lakh (approx.) was caused.

It was further alleged that 08 Housing Loans were sanctioned from Union Bank of India, Sachivalaya Branch, Lucknow, 03 housing loans from Central Bank of India, Nakkhas Branch, Lucknow and 06 CCH limit/term Loan from Union Bank of India, Sachivalaya Branch, Lucknow towards purchase of semi built flats but the accused diverted the loan amount. It was also alleged that these housing loans were obtained by the accused on the strength of fake lTRs, bills of non-existing firms etc. and falsely shown the completion of work & also made observation regarding completion certificate in respect of sanctioned loans.

After investigation, chargesheet was filed on 30.04.2010 in the Court of Special Judge, CBI Cases, Lucknow against 15 accused including then officials of Union Bank of India, Central Bank of India & private persons.

The said three accused were evading their presence before the Trial Court at Lucknow since filing of chargesheet against them on 30.04.2010. The Trial Court declared them Proclaimed Offenders and issued NBW against them. In compliance of Non Bailable Warrants dated 14.10.2019, all the three accused were arrested from Pune and Mumbai.

CBI had also registered a case on 28.12.2007 against one of the said three accused (who was arrested from Pune) and unknown officials of Punjab National Bank, Lucknow. It was alleged that the accused, resident of Lucknow entered into a conspiracy with officials of Punjab National Bank, Charbagh Branch, Lucknow and obtained housing loan of Rs. 12.80 lakh (approx.) on the basis of forged documents & by not repaying back the said amount, caused loss to the Bank. In this case, chargesheet was filed on 14.01.2010 in the Court of Special Judicial Magistrate-I, CBI Cases, Lucknow against 04 accused.