CBI books Maha Bank AGM for fraud

Mubarak Ansari
Friday, 9 February 2018

Along with him, four traders have also been booked for allegedly duping bank of Rs 7 crore

Pune: The Central Bureau of Investigation (CBI) has booked four traders from the same family and an Assistant General Manager (AGM) of Bank of Maharashtra for allegedly duping the bank of Rs 7.1 crore through fraudulent loan disbursement. This is the seventh case against the AGM.  
Based on source information, CBI’s anti-corruption branch (Pune unit) registered the FIR on January 31 against Ajit Kamlakar Gokhale, the then AGM, Bank of Maharashtra, Model Colony branch and Nashik City Branch, Ashish D Gatkal, proprietor of M/s Balaji Enterprise, Vishal D Gatkal, proprietor of M/s Balaji Motors, Dattatraya Rambhau Gatkal, proprietor of M/s Asia Autonet and Kirti Ashish Gatkal, proprietor of M/s Kirti Oil & Auto Equipments. The incident took place between 2012 and 2014. Even after his transfer from Pune, Gokhale continued to sanction loan to accused persons while being posted in Nashik.

According to CBI, Gokhale entered into a criminal conspiracy with borrowers and sanctioned various loan facilities for accused persons who had obtained the loan by making false representation and also made false records for showing its utilisation. However, they had diverted the funds obtained from the bank for the purpose other than the one for which it was sanctioned and did not make repayments to the bank, resulting in the accounts becoming the non-performing asset (NPA).
In one of the violations, Gokhale had sanctioned Rs 60 lakh as housing loan.

“The housing loan should have been sanctioned through branch level credit committee, however, the same has been sanctioned in an individual capacity. The loan amount was not paid to the builder but misutilised by the borrower. The banker did not verify the end use. The loan was sanctioned with the primary security of the flat, but the same was also shown as collateral security for availing cash credit limit of Rs 1.50 crore to M/s Balaji Motors,” the investigation agency revealed.

After the case was registered, CBI had raided houses of the accused persons. The agency has charged the accused persons for offences under sections 120-B (criminal conspiracy), 420 (cheating), 468 (forgery), 471 (using forged document as genuine) of the IPC and relevant sections of the Prevention of Corruption Act. 

Car purchased on fake docus
Gokhale had allegedly accepted a Toyota Innova 2.5 as illegal gratification from Ashish Gatkal. “The car was purchased from M/s YM Motors Pvt Ltd, Bhosari, on June 24, 2013, for which the payment was made by Gatkal from the account of his proprietorship firm M/s Balaji Enterprises. The car was registered in the name of Ajit Kamlakar Gokhale with Dy RTO, Pimpri-Chinchwad, bearing registration no. MH 14 EP 4356 and for the registration of the said car, a forged voter ID card in the name of Gokhale was submitted, showing his false residential address,” the agency has found.

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