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
Bank. Accused No.1 also allowed
accused No.2 to avail Temporary Overdraft Facility (for
short 'TOD') and local cheque discounting facility although
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
Cb I vs . 1 Sh. S Satish Kumar S/O Sh. P C Rao, on
Cbi vs 1. Om Prakash Sharma on 24 August, 2013
Om Prakash Sharma etc. Judgment
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 ... pertains to purchase of cheques beyond discretionary
power and grant of temporary overdraft beyond discretionary powers only.
ROLE OF BOTH THE BANK OFFICIALS
irregularities
and acts of commission/omission by unauthorisedly
allowing temporary overdrafts, unauthorized cheque
purchase facilities by debiting the Impreset Clearing
Account to various constituents details ... committed acts of gross irregularities by
unauthorisedly allowing temporary overdrafts,
unauthorized cheque purchase facilities by debiting the
Impreset Clearing Account which amounts to acts
involving
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 ... without obtaining the valuation of the property before
sanction of credit facilities, the accused has not properly
verified the work order. He had ignored
with Syndicate Bank, Gugai Branch, Salem and applied for a secured overdraft of Rs.10 lakhs on 30.04.2004 for developing the Jewelery business by offering ... abusing their official position had processed and sanctioned Secured overdraft facility of Rs.24.75 lakhs on 22.01.2004 in favour of M/s Roshini Silvers
only
and had discretionary powers of permitting Temporary Over Draft (TOD) up to
Rs.10000/- only. Such powers were revised with effect from ... even otherwise not competent to purchase any cheque or grant any
temporary overdraft.
iv. Moreover, other bank officials like Sh. JDK Jain and Sh. Prem
