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21. The prosecution further alleged that during September 2000 to May 2001, A1 fabricated and forged 17 LoCs. of the Union Bank of India, Egmore Branch, Chennai and the LoC confirmation letters by forging the signature of the Branch Manager. All these 17 LoCs were forged and issued in favour of M/s.RS Timber Traders, Chennai and M/s.Vee Emm Ess Timber Trader, Chennai, the former propped up and the latter A1's own firm. Further, in the name of these https://www.mhc.tn.gov.in/judis  Crl.A.Nos.613, 621 and 646 of 2010 two firms, A1 forged invoices, bills, delivery challan, Bills of Exchange and got them discounted on the credit of fabricated LoCs, with a private financial intermediary M/s.Viswapriya Financial Services and Security Limited, Chennai.

22. Furthermore, A3 authorised payments in the form of Banker's Cheque, favouring Global Trust Bank, where the financial intermediary-M/s.Viswapriya Financial Services and Security Limited had lodged all the forged documents for collection from the Union Bank of India. A3 authorised the Pay Orders by putting initial on the cheques drawn by A1 on the CC Account of M/s.MFP, and thus, by putting initial, A3 not only authorised the Pay Orders for LoCs not opened by A3, but also allowed excess drawls, beyond his financial power and directed connived with A1 to siphon-off the Bank's money by bogus, illegal and fraudulent means. There were seven excess drawls authorised by A3 for making payment to the commitment towards the fabricated LoCs, which were not opened by A3. The total amount paid for the fabricated LoCs, is Rs.626.28 lakhs. Though the CC account was drawn indiscriminately for fraudulent transactions, since A1 indulged in circulation of money, the final loss in the CC Account was Rs.100 lakhs.