HC convicts persons for cheating Bank by availing Loan based on Bogus Securities

Central Bureau of Investigation Vs Keshav Sharma @ Shahid (Special Court, Delhi) Accused Keshav Sharma impersonated as Ashok Jain s/o Sh. P.C. Jain and representing himself to be proprietor of M/s Creative Traders at plot No.9, Main Patparganj Road, opened account with Central bank of India, Parliament Street branch New Delhi and availed Cash Credit facility to the tune of Rs 100 lacs and L/C limit of Rs 25 lacs and drained out the said fund through the account of M/s Creative Conductors Pvt. Ltd. and M/s Paramount Insulation. It has also been found above proved that while availing cash credit...