4 charged in Dena Bank cheating case

NEW DELHI: The Central Bureau of Investigation has filed a chargesheet against four including the then Vice President of a Mumbai-based business group Showman Group - for allegedly cheating Dena Bank to the tune of Rs 220 crore.

In its chargesheet filed before the Special Court Mumbai, CBI has accused Vimal Barot, the then Vice President of Showman Group, Pritam Nagarkar, then Chief Manager of Dena Bank, and two persons, Devendra Bhogle and Rahul Gohil, of cheating and forgery under IPC and provisions of Prevention of Corruption Act.

"CBI had registered a case on the allegations that then Vice-President/Vice-Chairman of a private company based at Mumbai in connivance with then Chief Manager, Dena Bank, Malabar Hill branch, Mumbai, and other private persons committed a fraud of Rs 220 crores (approx) on Dena Bank," CBI press information officer R K Gaur said.

He said the accused had allegedly facilitated Dena Bank in mobilising term deposits to the tune of Rs 256.49 crores (approx) from certain organisations.

"Further, on the basis of forged requests for OD facilities against term deposits, loans were sanctioned to the said organisations. The said Vice-President in criminal conspiracy with then Chief Manager of Bank had allegedly siphoned off Rs 220 crores (approx) and caused loss of Rs 220 crore (approx) to Dena Bank," he said.

Gaur said after thorough investigation, CBI has filed a chargesheet