New Delhi: The CBI has filed a chargesheet in a Delhi court against a nationalised bank's chief manager and two businessmen for allegedly hatching a conspiracy to grant cash credit facilities to the tune of Rs 4 crore to various private firms, causing losses to financial institution.

The probe agency, in a chargesheet filed before the court of Additional Sessions Judge O P Saini, sought prosecution of accused - Rebti Ranjan Roy, chief manager of United Bank of India, two businessmen Jai Prakash Gupta and Anand Prakash Gupta - under various provisions of the IPC and the Prevention of Corruption Act.

"The accused manager without verifying the business of the private firms run by Guptas and without obtaining requisite permission from financial institutes granted cash credit facility of Rs four crore to private firms," the CBI alleged.

The cash credit facilities were accorded on the date of incorporation to various Delhi-based firms including M/s Prakash International, M/s Prakash Enterprises, Balaji Exim Group, which were promoted and managed by accused businessmen, the chargesheet said.

The probe agency sought abatement of proceedings against accused Om Prakash Gupta, father of the Gupta brothers, on the ground of his death.

A formal complaint with the Central Vigilance Commission (CVC) was lodged by the bank on July 19, 2006, alleging large-scale irregularities by its chief manager of Asaf Ali Road branch in awarding cash credit facilities to the private firms.

The CBI registered the FIR invoking the penal provisions of cheating and criminal conspiracy in the case on the recommendation of the CVC.
Source : PTI