In its charge sheet filed before a Special CBI court in Ahmedabad, the agency has charged the branch manager and his accomplices with criminal conspiracy, cheating, forgery and under provisions of the Prevention of Corruption Act.
The agency has accused them of conspiring to cheat Indian Overseas Bank, Himmatnagar Branch, Sabarkantha (Gujarat), and causing an alleged loss to the tune of Rs 2.53 crore, a CBI spokesperson said here today.
"However, no such Green House projects were undertaken at all and the loans were disbursed without following the laid down banking norms. An alleged loss of Rs 2.53 crore (approx) was caused to the bank," the spokesperson added.
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