creating series of gold loan accounts in his
name using his own KYC. In the Company, there were 58 (fifty
eight) gold loan accounts ... creating series of gold loan accounts in his name
using his own KYC. In the Company, there are 67 gold loan
accounts in the name
gold basing on the purity of the gold
after verification of KYC of the customers.
It is further stated in the F.I.R. that ... further stated in the F.I.R. that Manappuram used
to collect KYC (Know Your Customer) documents i.e. Aadhar
Card/PAN Card/Votor
basis of false/ fictitious
documents/ information including fake/ fictitious ITRs/ defective KYC
Page 2 of 20
// 3 //
documents/ information and without verifying the documents ... petitioner dishonestly accepted false
documents, information including fake Income Tax returns, defective
KYC without verification and in violation of the Bank guidelines,
Page
borrowers/builder submitted false/fictitious documents/
information including fake/fictitious ITRs, defective KYC
documents/information and the same were dishonestly
processed/accepted by the accused ... investigation further revealed that the
documents like requisite application form, KYC (ID and/or
address proofs) signed by the accused borrowers, notarized sale
basis of false/ fictitious
documents/ information including fake/ fictitious ITRs/ defective KYC
Page 2 of 19
// 3 //
documents/ information and without verifying the documents ... documents, information including fake Income Tax returns, defective
KYC without verification and in violation of the Bank guidelines,
learned counsel contended that the petitioner
that fake photographs and mobile numbers which were
clearly visible in the KYC document were provided in the branch in
respect of fake accounts ... Lipun Behera
and Suman Mandal and made multiple loan accounts with the KYC and
later on, they pledged more gold and created new accounts with
Branch from 1.1.2004 to 26.7.2006 and in respect
of the alleged transactions, KYC norms were adhered to by the
petitioner and residential address were verified ... confirmed from the concerned company/firm/organisation
by stringent application of key KYC norms. Document submitted
by the employees such as salary slips, income
Kumar Sahu
was required to verify the loan application forms and the KYCs
received from the Wealth Manager and to make discussions with ... loans have been sanctioned in the names of fake persons with
fake KYC address in the category of Micro Entrepreneur Loan and
Joint Liability Group
standards and complying with all the laid down processes/
policies of IIFL, KYC adherence, correct valuation and maintenance of
100% process compliance at the branch
basis of false/ fictitious
documents/ information including fake/ fictitious ITRs/ defective KYC
documents/ information and without verifying the documents by
violating the guidelines ... petitioner dishonestly accepted false
documents, information including fake Income Tax returns, defective
KYC without verification and in violation of the Bank guidelines,
learned counsel contended
