4 PNB officials booked for fraud

Bathinda, July 23

Four senior officials — chief manager, DGM, AGM and branch manager — of Punjab National Bank have been booked for using forged signature of a city businessman as a guarantor and wrongly passing a loan limit of Rs 12.5 crore of an export firm on the name of Rajinder Kumar Gupta.

When the police probed the role of bank officials, it came to their notice that to pass the loan, bank chief manger Sushil Jain, DGM Praveen Singla, AGM Gurpreet Singh Bhatia and PNB Kikar Bazar branch manager Sanjiv Kakkar were also involved.

SSP Nanak Singh said a case had been filed against senior officials of the PNB after a detailed probe on the complaint of the businessman, adding that they would arrest the officials soon.

Businessman Kunal Garg of Agarsen Nagar in his complaint to the police said in April 2018 he received a notice from the Debt Recovery Tribunal, Chandigarh, over the loan account on the name of KG Exports.

In the notice, it was stated that this firm had taken a loan of Rs 12.5 crore from PNB, Kikar Bazar branch, in 2015 and he was included as a guarantor, whereas the complainant said he do not have any link with this firm and he has never done any signature and nor he has become guarantor.

He said later they came to know that the application was on Rajinder Kumar Gupta’s name and he had taken loan of Rs 12.5 crore in which as guarantor names of Madhu Gupta, Rakhi Gupta, Anju Garg and Tanisha Garg have been included. —TNS