Ahmedabad: Agri produce firm cheats bank of Rs 4cr

AHMEDABAD: An officer of the Kalupur Commercial Cooperative Bank on Saturday filed a complaint with CID (crime), Ahmedabad zone, alleging that three office-bearers of an agriculture produce manufacturing company named Fiat Agro-Power Private Limited in Anand, cheated the bank of Rs 3.89 crore.
Manoj Verma, 34, deputy manager of the bank’s Khokhra branch, stated in his FIR that Girish Gohil, a resident of Odhav, Rajesh Brahmbhatt, a resident of Bapunagar and Govind Patel, a resident of Nikol, had in Aug 21, 2021, submitted a Rs 4.75 crore loan application.
The then branch manager, Paresh Parmar and deputy manager (loan officer) Bhadresh Patel scrutinized the application and related documents and visited the unit on which the loan had been sought. On Nov 25, 2021, the bank sanctioned Rs 4.05 crore. On Dec 2, 2022, one of the accused applied for a fresh loan of Rs 1 crore, which too was sanctioned. According to the terms of the loan, the company’s office-bearers were supposed to send their account books to the bank. During scrutiny of these account books, bank officers found discrepancies in accounts for the year 2023.
After which, Verma and Palak Parikh, an assistant manager of the bank, visited the company in Anand’s Tarapur village where a man named Popat Bharwad showed some stock and machineries which were not accurate according to the loan terms. The FIR alleged that the office-bearers of the company got a loan of Rs 5.05 crore of which they did not repay Rs 3.89 crore.