Excelsior Correspondent
JAMMU, Sept 5: Special CBI Magistrate (CJM) Jammu, S R Gandhi has framed charges against Ashok Seth and Surinder Arora, Managing Partner and Executive Partner of M/s Balaji Plastic India Ltd, Logate Morh Kathua for cheating the State Bank of India, Channi Himmat branch by forging the documents at the time of obtaining Rs 1.30 crore loan.
According to the brief facts of the case, Ashok Seth and Surinder Arora obtained loan of Rs 1.30 crore without depositing 25% of the value of the purchases in the form of margin money.
The accused persons after hatching a criminal conspiracy prepared forged documents between March 28, 2007 and June 24, 2009 and by the acts of cheating and use of forged documents avoided the deposit of 25% of the margin money and got the loan amount sanctioned which was even not liquidated.
The case against them was registered on November 26, 2010 by CBI Jammu and the investigation was entrusted to Inspector Kamal Sangra of CBI (now in State Vigilance Organization), who after completion of investigation presented challan in the CJM Court on August 30, 2011 instead of CBI Court as role of bank officials named in the FIR didn’t emerge.
After hearing APP Neetu Charak for the CBI and the counsel for the accused persons, the court of Special CBI Magistrate (CJM), Jammu found sufficient grounds for presuming that the accused persons have committed the offences under Section 420/468/471 read with Section 120-B of RPC. “The formal charges have been framed against the accused, who claimed to be tried, as such the AAP CBI is directed to produce the witnesses on the next date of hearing”.
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