CBI Charges 10 Individuals, Including CA and Valuer, in ?5.33 Crore Bank Fraud Case

Ranchi: The Central Bureau of Investigation (CBI) has filed a chargesheet against ten individuals in connection with a ?5.33 crore bank fraud case involving officials of Bank of India and several private individuals.

Among those named are Jatin Sahay, owner of Trust Diagnostic Centre; chartered accountant Pankaj Agarwal; bank-appointed valuer Sanjay Kumar; three Bank of India officials; borrowers Mayank Saha and Romi Saha; and two suppliers, Rajesh Kumar Srivastava and Kumar Rakesh.

The case was registered following a complaint by senior officials of Bank of India. According to the FIR, borrowers Mayank and Romi Saha defaulted on multiple loans totaling ?5.33 crore—including a ?38 lakh home loan, a ?1.5 crore cash credit loan, and a ?3 crore term loan—allegedly obtained using forged documents.

Investigations revealed that four flats in a residential project named Heera Heights, developed by Jatin Sahay, were pledged as collateral. Mayank Saha claimed to be a business partner of Sahay and stated that the funds would be used to purchase an MRI machine for the diagnostic centre. However, the CBI found that no such machine was ever acquired. Instead, fake quotations were submitted by Rajesh Kumar Srivastava and Kumar Rakesh, both involved in the computer trade.

The loan paperwork was prepared by CA Pankaj Agarwal and the valuations were certified by Sanjay Kumar. The CBI concluded that the bank officials knowingly facilitated the loans as part of a criminal conspiracy.

In February 2018, Mayank Saha applied for a ?38 lakh home loan via the bank’s Retail Banking Centre, which was processed by its Ratu Road branch. That same month, he also sought a ?1.5 crore cash credit loan under the CGTMSE scheme from the SMECC branch for his firm, M/s Icon Infra Services, claiming to have secured various work orders.

In May 2018, Romi Saha applied for a ?3 crore term loan under the name of her firm, M/s Clear Imaging Services. This loan was also sanctioned and disbursed by the Ratu Road branch.

The chargesheet includes the following individuals:

• Jatin Sahay (real estate developer)
• Keval Kumar Garg (Assistant General Manager, Bank of India)
• Jayakant Lal Das (bank officer)
• Subrata Haldar (finance officer)
• Mayank Saha and Romi Saha (borrowers and proprietors)
• Pankaj Agarwal (chartered accountant)
• Sanjay Kumar (valuer)
• Rajesh Kumar Srivastava and Kumar Rakesh (suppliers who issued false equipment quotations)

The CBI has charged them with criminal conspiracy, cheating, and forgery in the orchestrated fraud against the Bank of India.