Excelsior Correspondent
JAMMU, Feb 7: 2nd Additional Sessions Judge Jammu Amit Sharma today rejected the pre-arrest bail application of Rohit Taroch, an employee of bank allegedly involved in Rs 1.44 crore bank fraud case.
After hearing Advocate Inderjeet Shavotra for the applicant whereas APP Arvinder Rathore for the UT, 2nd Additional Sessions Judge observed, “facts shaken the conscious of this court that on the one hand there are genuine set of customers who obtained loan of meager amount from the bank and the said amount will never be settled down because the bank charges interest after the interest on the principal amount borrowed by these genuine customers”.
“On the other hand, there are fake set of customers who in active connivance with the officer/officials manage to obtain the loan from the bank on the strength of fake and forged document. In such types of cases the bank will not able to recover even the principal amount and what to talk of an interest in the case of these fake borrowers”, the court said.
“It is because of this reason number of recovery cases are pending before the court of law and the percentage of recovery in such types of cases is very minimal. There are various persons involved in this FIR who are yet to be arrested and the investigation of the case is still under progress whereas the accused is involved in an organized economic crime”, the court further said.
With these observations, court rejected the pre-arrest bail plea.
Follow our WhatsApp channel
