The Central Bureau of Investigation (CBI) has registered a case against 15 persons, including the then branch manager of the State Bank of India (SBI), for allegedly sanctioning housing loans in Uttarakhand’s Haridwar in 2015 in violation of norms. All the loans turned non-performing assets.
The SBI had lodged a complaint with the CBI alleging that Sujeet Lohani, while working as the chief manager of the bank’s Haridwar branch, connived with Vijay Kumar Kushwaha, Ajay Kumar Kushwara and other borrowers and sanctioned housing loans without adhering to the laid-down guidelines.
The bank has so far identified 12 such loans worth ₹3 crore. The bank found that the mandatory documents had never been collected from the borrowers.