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Shri O. P. Mehra vs Central Vigilance Commission (Cbi) on 20 October, 2008

It is correct that A-2 has ultimately compromised the matter with the bank and paid the loan amount without interest. Mere payment of loan amount with interest does not wash away the criminal offence committed by A-1 and A-2. There is substantive evidence against both the accused that they were conspired with each other, in furtherance of criminal conspiracy A-1 had sanctioned eight loans of Rs.8,47,675/- in favour of A-2 by abusing his official position and by falsifying the bank record against the security of 37 non existing LIC policies and A-2 had also facilitated A-1 in this conspiracy as discussed above. A-1 has also filed a criminal Crl M.C No. 559/2009 & Crl M .A 2150/2009 titled O P Bhatia Vs CBI & Ors for quashing the present proceeding on the ground that A-2 has repaid the entire amount along with interest but the same was dismissed by Our Hon'ble High Court vide order dated 3.8.2009.
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