Uttar Pradesh Home Loan Fraudster Sentenced to Two Years in Prison
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New Delhi, Dec 17 (NationPress) In a notable victory for CBI investigators, a man has been sentenced to two years’ imprisonment along with a fine of Rs 10,000 for securing a housing loan of Rs 3.5 lakh through forged documents and not repaying the bank. This decision was made by a court in Uttar Pradesh, as confirmed by an official on Tuesday.
The Court of Special Judicial Magistrate, CBI cases in Lucknow, pronounced the sentence against loan applicant Sardar Ahmad Khan on Monday in relation to the bank fraud case.
Upon the trial's conclusion concerning the CBI charge sheet, the court deemed Sardar Ahmad Khan guilty and imposed the appropriate sentence.
The court acknowledged the evidence provided by the CBI, which demonstrated that the convict utilized forged documents to acquire the Rs 3.5 lakh loan in his name from SBI, Rajapur Branch, Allahabad, as per the official statement.
The charge sheet against Khan was filed on July 24, 2007, alleging that he fraudulently obtained a housing loan of Rs 3.5 lakh from SBI, Rajapur Branch using forged income tax returns and subsequently defaulted on repayment.
According to officials, the CBI initiated the case on June 28, 2005, following a written complaint from the Deputy General Manager (Vigilance), SBI, LHO, Lucknow, against the accused.
Khan’s case was part of a broader issue involving over three dozen loans mentioned in the complaint.
The complaint indicated that between August 1, 2001, and February 6, 2004, 56 housing loans were approved and disbursed from SBI, Rajapur Branch, Allahabad, of which in 38 cases the borrower or site was unidentifiable or the plot did not exist.
The loan amount was reportedly misappropriated, as stated by the CBI.
Additionally, it was claimed that 15 personal loans were sanctioned based on bogus/forged documents, which led to a financial loss of Rs 1.60 crore to SBI, according to the CBI.
Following the investigation, the CBI submitted three charge sheets against all involved parties.
Two accused named in one of the charge sheets, Vinay Kumar Srivastava and Raman Kumar Srivastava, were convicted on January 19, 2024, receiving a two-year prison sentence alongside a total fine of Rs 12,000.
The trial for another charge sheet is still ongoing against Sanjay Kesharwani.
