Bank officials booked for fraud and criminal conspiracy

Two bank officials were booked today on charges of fraud and criminal conspiracy, police said here.

The two officials of a local branch of Bank of Baroda have been booked based on the complaint of Satpal Singh, a resident of Jalandhar, who has alleged that they in connivance with four local firms advanced a loan of Rs 3.6 crore using fake documents of his land for mortgage purposes.

A case under section 420 (cheating) and section 120-B (criminal conspiracy) of the IPC has been registered against the duo.