Excelsior Correspondent
JAMMU, Nov 17: Principal Sessions Judge Jammu, R S Jain today framed charges against Mohd Iqbal Mir, Parvez Ahmed Mir, Jeevan Lal Sharma, Attar Singh, Nitin Kumar and Des Raj in Rs 2 crore loan scam.
These accused persons in league with A K Gupta, the then Manager Credit SBI Zonal Office Jammu and N K Gupta, the then Chief Manager SBI, Zonal Office Jammu obtained loan of Rs 2 crore (cash credit working capital of Rs 1.5 crore and bank guarantee of Rs 50 lakh) on false documents.
The accused persons used the loan facilities for their own ends and no repayment was made to the bank as a result of which the loan turned NPA. After completion of investigation challan was presented.
Charges under Sections 120-B read with Section 420,468,471 and 5920 read with Section 5(1)(d) of J&K Prevention of Corruption Act were framed against the accused.
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