Believe It Or Not
No action against Bank Officers of 17 banks for 7 years ... Now CBI has assured of action. (After Jana Lokpal andolan)
Total amount given frauduently by 17 banks, to a single company of this fraudster Rajkumar Basantani is Rs 130 crores. This fraudster had atleast 20 companies, I have details of only one company Soundcraft Industries Ltd., most of the banks have given Crores WITHOUT ANY SECURITY.
At present I am pursuing the matter with the CBI.
However CBI Officials are dissuading me from filing a detailed complaint, as they say "First to prosecute the fraudster and Bank Officials we will need permission from Delhi, which will NOT come easily, even if permission comes the Judges will let them off and most important, we are short staffed, we do not have staff to pursue such cases of fraud of ONLY Rs 130 crores.... I K Chhugani
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PNB sanctioned Rs 11.5 crores against a 398 sq. ft. flat.
Mr Rajkumar Basantani promoter of Soundcraft Industries Ltd., is an Ex SBI employee, he got various Bank Managers, to give him Rs 1000 Crores and then he fled from India on 4th April 04...Surprisingly, he has so good relations with the police, that he continues to communicate with them, through his original cell no 98200 60781, If any bank manager is in some trouble, he intervenes and saves him..... He is a white collared Dawood.
Before he fled from India, he spent Rs 60 lakhs on renovation of the Mumbai Police Gymkhana at Marine Lines. Sr police officials regularly visited him at his residence. I was staying in the same building on 2nd floor, he stayed on the 7th floor. He also owned the 5th floor flat.
I got loan from Greater Bank of Rs 30 lacs against flat 201,202 at Pinky Panorama, Khar. The fraudster received Rs 17.5 crores against flat 501,502 Pinky Panorama, Khar, from 2 banks (PNB & BOBL) ... same size flat, same building....This Greater bank tried all means legal & illegal to throw me out of the flat, when I defaulted for Rs 19 lacs only (though morgaged property was worth Rs 80 lacs) ... basically so that their officers could get a cut from selling my flat ... at the same time even GB had given Rs 5.7 cr to this fraudster, with almost nil security.
This is the same man, who got me ( Indur chhugani ) arrested on a false charge, because I bought property, he left behind.... he left behind Rs 5 Cr worth property only, which the banks dutifully seized, and were interested in selling to his proxy's at a very low price. While farmers commit suicide, when they are unable to repay amounts as low as Rs 25,000/-. the bank managers, loot Crores through their friends .
( This Basantani conveniently surrendered and was released on bail by the Bombay High Court )
In 2002/2003, this man renovated the Police Gymkhana at Marine Lines, spending Rs 60 lakhs
How the managers looted the Banks that employed them:
Punjab National Bank Ltd.
against a flat of 398 sq ft. gave a loan of Rs 8 crores (sanctioned Rs 11.5 cr)
(the flat was not on the moon it was at Khar, 502, Pinky Panorama)
to a company Soundcraft Industries Ltd., promoted by Mr Rajkumar Basantani that has disappeared in thin air.
This flat was valued at Rs 2.04 crores, area shown as 1700 sq. ft. when they gave the loan in 2001. False valuation report provided by Anmol Sekhri & Associates. (actual area 398 sq ft and Value Rs 26.9 lakhs)
Now,
Have they taken any action against the managers, who cleared this loan. NO.
Have they filed any case against the valuer. NO..Any Shareholder interested in taking the Directors of PNB to task,
can get full details from me.Economic Offences Wing (EOW) of Mumbai Police is aware of all this,
but no action is initiated against bank officials or the valuer.(Corrupt Bank Officials and EOW believe in Bhaichara)
The top management must be making Crores of Rupees from these kind of deals,
the amount illegally received must be invested somewhere, in the form of properties, land or jewellery... Let me know, in case you have any information.... Email ikchhugani@yahoo.com
Indian Overseas Bank ,
Similiar is the story of Indian Overseas Bank (fornerly Bharat Overseas Bank)
this bank has also given a loan of Rs 6 crores against a flat of 641 sq.ft., 501, Pinky Panorama, Khar.Flat value shown as Rs 2.04 crores, in 2001. False valuation report showing area as 1700 sq. ft. again provided by Anmol Sekhri & Associates. (actual area 640 sq ft and Value Rs 43.6 lakhs)
No action taken against managers who sanctioned the loan.
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Indian Judiciary ... Is it stinking ?
http://www.facebook.com/home.php?#/group.php?gid=40507761800Even the Sessions court and Bombay HC are aware of the full fraud.
No action initiated against valuer, who provided such a report.
EOW of Mumbai Police is aware of this transaction too.
Again brotherly feelings prevail.
Greater Bombay Co-Operative Bank
This bank has advanced Rs 5.7 crores . Security they have taken is shares worth Rs 25 lakhs .Bank Of Baroda
This bank has advanced Rs 5 crores . With nil security.Bank Of India
This bank has advanced 5 crores. Security they have taken is a disputed tiny plot worth Rs 12 lakhs at Karjat near Mumbai.Dena Bank
This bank has advanced Rs 15 crores. Security they have taken is a Rs 1 crore leased property in New Mumbai.Andhra Bank
This bank has advanced 27.5 crores. Security they have taken is a Rs 2 crore office in new Mumbai.Canara Bank
This bank has advanced 15 crores. Security they have taken is a disputed tiny plot at Andheri E.
Bank Of India, Syndicate Bank, Canara Bank, Vijaya Bank, Punjab Sind Bank, Oriental Bank Of Commerce, Small Industrial Devevelopment Bank and atleast 30 other banks have advanced sums between Rs 5 Crores and Rs 27.5 crores to this company, without any security. I have details of 17 BanksEconomic Offences Wing (EOW) of the Mumbai Police is aware of all the bank names and names of managers, who gave such loans, so is the RBI.
An RTI application made to Mumbai police, got me a reply "Information forwarded to RBI... Contact RBI"
Surprisingly RBI has refused to give me info, in my RTI enquiry "What action is taken against the Bank Managers" ... Stating "Action taken is confidential, info cannot be given".Is Mumbai Police supposed to take action against all the Bank Managers ? Or are they supposed to become their friend ? So that some share can be received ... This is called Bhaichara ?
PIL will be filed shortly, to force Police / RBI to initiate action.
My Nomination Form, to contest from Mumbai Nort-Central rejected ... Who Paid them ... at http://www.RoguePolice.com/election.htm
Rogue Police, Rotten Lawyers and Corrupt Judges together with Politicians, have taken over our Country ...NOW is the time we fight back... http://www.roguepolice.com/myagenda.htm
What have I done in last 4 years ... Goto ... http://www.RoguePolice.com/achievem.htmJudge / Basantani... Put me in Jail in a false case
How Mumbai Police framed Chhugani .. TOI of 24/07/06 ... Happens across India everyday.
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