The Central Bureau of Investigation has registered a case against two partners of a resort hotel based at Naldehra near Shimla in Himachal Pradesh and unknown persons/officials for allegedly causing a loss to the Central Bank of India.
The case was registered under sections 120 (b) read with 420, 405, 467, 468 and 471 of the Indian Penal Code and 13(2) read with 13 (1) (d) of the Prevention of Corruption Act, 1988.
It was alleged that both the accused had availed a term loan of Rs 15,500,000 from the bank's branch at the Mall in Shimla for setting up of a hotel and resort at Naldehra, and out of the sanctioned term loan of Rs 15,500,000 an amount of Rs 12,500,000 was disbursed by the bank authorities.
It was further alleged that out of the disbursed loan amount of Rs 12,500,000 the accused invested a meagre amount of Rs 25-30 lakh (approximately) towards the construction of the hotel, whereas the remaining loan amount was misutilized by the borrower by diverting the funds for their personal use on the basis of fake and forged bills/invoices due to which the loan turned into a non-performing asset.
It was also alleged that the guarantor for loan sanctioned in favour of said resorts and hotel was having an OD A/c with the bank in the name of a fruits company in which an amount of Rs 1.65 crore (approximately) was outstanding.