HC moved for CBI probe into loan obtained from bank

The Madras High Court Bench here today directed CBI to file a counter on a petition seeking action against a group of persons, including an official of a nationalised bank, for allegedly creating forged property documents and obtaining a loan of Rs 22.50 lakh.
Justice M.Venugopal also directed the government advocate to get instructions and adjourned the matter to February 2 for further hearing.
Petitioner M.S.Kulanthaivel submitted that the property which was pledged to the bank actually belonged to a trust created by his relative Nagarathinammal.
Forged documents were created by six persons, including the manager of Central Bank of India's Meenakshi Mills branch here and two persons related to one of the personal assistants of former union minister M K Alagiri, for the purpose of availing the loan, he contended.

The bank manager knew well that it was a disputed property and belonged to the trust. Despite that, he had helped the five persons to get a loan of Rs.22.50 lakh.
The petitioner submitted that his signature and that of his two sons, who were legal heirs to the trust property, had been forged and documents created as if to show it had been given on lease for 99 years.
He had sent a detailed petition to the Superintendent of Police of CBI, Chennai, to investigate but no action had been taken so far. Hence the court should direct CBI to take action against the "culprits," he said.