proved that they had purchased cheques in arbitrary manner and
permitted temporary overdrafts on number of occasions.
5.1 She has also contended that there ... uncommon. Purchasing cheques beyond discretionary
powers/purchasing local cheques and granting temporary overdraft are
CC no. 04/2011 CBI Vs Bhajan Singh etc Page
that time. He remained posted there till
28.05.1997. He permitted temporary overdrafts (TODs) in the said account
beyond his delegated powers and such TODs were ... terms of criminal conspiracy, accommodation cheques were
purchased indiscriminately and temporary overdraft facility had been granted
much beyond the discretionary powers. As per the banking
respondent bank stating that the petitioner
had unauthorisedly allowed temporary overdrafts and unauthorised
cheque purchase facility by debiting the Imprest Clearing Account.
The petitioner filed ... have committed irregularities
and acts of commission/omission by unauthorisedly
allowing temporary overdrafts, unauthorized cheque
purchase facilities by debiting the Impreset Clearing
Account to various
proprietor of M/s. Vee Kay
Pictures and availed temporary overdraft facility from UCO Bank,
chandni chowk branch, Delhi, from time to time ... which was never effected
upon him. Accused claimed that he had temporary overdraft
facility from the bank and this fact was concealed
proved that they had purchased cheques in arbitrary manner and
permitted temporary overdrafts on number of occasions.
5.1 She has also contended that there ... Purchasing cheques beyond discretionary powers/purchasing local
cheques and granting temporary overdraft are inherent in banking
transactions and these did per se amount
also alleged that
the Accused No. 1 permitted several temporary Overdrafts for substantial
2
amounts in different Current Accounts in excess of his powers
interest
of the bank.
INVESTIGATION QUA TEMPORARY OVERDRAFT FACILITY
OF M/S KUNAL TRAVELS (P) LTD.:-
(i) It was alleged that Mr. H. S. Shetty ... alleged that at the instance of DGM Mr. K.
P. Hegde, Temporary Overdraft Facility (TOD) was granted to M/s
CBI No. 21/09 Page
borrower leading to internal investigation and criminal prosecution. The Temporary overdraft sanctioned by the appellant to Sri Murugan Builders was repaid ... this account. After this, on 08.02.1999, Vinayaga Selvam has applied for temporary overdraft of Rs.4 lakhs for a period of Rs.1 lakh
Tiles and Wood, including plywoods, woodboard and hardboard etc. Subsequently, two temporary overdrafts for Rs.64 Lakhs were also sanctioned.
4. It is alleged that
cheat the Bank by abusing his
official position sanctioned for temporary overdrafts by
circumventing bank rules, regulations by corrupt or
illegal means obtains himself pecuniary ... cheat the
Bank of Baroda, Panambur Branch, Mangalore, had
sanctioned temporary overdrafts and over Drafts to the
borrower by circumventing banking rules and
regulations beyond
