Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
CBI registers 3 fresh FIRs in Rs 743 crore loan fraud at IDBI Bank, names 44 people as accused
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • CBI registers 3 fresh FIRs in Rs 743 crore loan fraud at IDBI Bank, names 44 people as accused

CBI registers 3 fresh FIRs in Rs 743 crore loan fraud at IDBI Bank, names 44 people as accused

Press Trust of India • March 29, 2018, 17:34:27 IST
Whatsapp Facebook Twitter

CBI has registered three fresh cases to look into Rs 743 crore of fishy loans issued by an IDBI bank for pisciculture and Kisan credit cards

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
CBI registers 3 fresh FIRs in Rs 743 crore loan fraud at IDBI Bank, names 44 people as accused

New Delhi: The CBI has registered three fresh cases to look into Rs 743 crore of fishy loans issued by an IDBI bank branch in West Godavari district for pisciculture and Kisan credit cards which have became non performing assets, the officials said on Thursday. The agency has named three accused persons-B K Sahoo, retired DGM of the bank R Damodaran and the then DGM Battu Rama Rao-who are common in all the three FIRs. There are a total of 41 others accused in these three separate FIRs, they said. [caption id=“attachment_4357617” align=“alignleft” width=“380”]CBI Representational image. News18[/caption] The agency has said the cases pertain to the loans of Rs 394 crore, Rs 160 crore and Rs 189 crore-issued between 2009 and 2012 from IDBI’s Palangi branch in West Godavari district on the pretext of availing kisan credit cards and pisciculture -fish farming– loans. It is alleged that the loans were issued without proper loan documents, without conducting pre sanction and post sanction inspections and without ascertaining the end use of the loan. It is alleged that as per procedure laid down for sanctioning KCC loans, the maximum limit with regard to operation of primary activity or fish tank activity is 50 kms from the branch location, however, Damodaran and Rao instructed the branch officials to ignore the condition, they said. Damodaran and Rao allegedly abused their official position breached the sanction limit of Rs 25 lakh for KCC loan and bypassed agri-processing centre and directed for the issuance of loans on the basis of intentionally overvalued collateral properties and furnished inflated net worth certificates in respect of borrowers, the FIR alleged.

Tags
CBI Central Bureau of Investigation IDBI Bank KCC loan
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV