Delhi High Court has ordered the Reserve Bank of India to probe the scam in Delhi Nagarik Sahakari Bank while re-examining the petition. When the court opened the sealed report of RBI, it found that the case was not investigated as per the complainant’s complaint.
The court expressed dissatisfaction with the first inquiry and directed that the action-taking report should be submitted in a sealed envelope by 25 May 2020.
The verdict letter reads, “Learned counsel for the petitioner says that the petitioner (Anil Kumar Gaur, one of the members of bank) has approached this court with the grievance that between 2011 and 2014, the loans were sanctioned based on the fake ITRs and documents.
Learned counsel says that it is, in these circumstances,that this court had directed that the documents pertaining to such loan accounts should be handed over to respondent Advocate Ankur Chhibber i.e. Registrar of Co-operative Societies.
The letter of verdict copy is with Indian Cooperative.
Readers would recall that a member Anil Kumar Gaur of Delhi Nagarik Sahakari Bank had filed the petition in 2016. The petitioner alleges that there was a scam of about Rs 50 crore between 2011 and 2014 in the name of disbursing loans. He complained to RBI in this regard and filed a petition.
It is learnt that the loan was issued by Delhi Nagarik Sahakari Bank on the basis of fake documents and ITR between 2011 and 2014. The petitioner alleged that loans were also given on the basis of fake documents of government jobs.
Some people took loans by claiming to be teachers, which came to light during investigation that they were not government teachers. On getting the information about the 96 files related to the case from the bank, all the records were sealed from the year 2011 to 2014 on the direction of the High Court.
On 30 October 2019, the Registrar of Cooperative Society wrote a letter to the RBI regarding the financial irregularities in Delhi Nagarik Sahakari Bank.
Earlier in 2018, the Delhi High Court had green-lighted the management elected in the recently held election of Delhi Nagarik Sahakari Bank to form the board. DNSB was established in 1969 and has a network of 14 branches.