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CBI files Rs 19cr UCO bank fraud case

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Bengaluru, April 1 (IANS) The CBI has registered a fresh bank fraud case amounting to Rs 19.03 crore that was sanctioned by UCO Bank to 18 fake borrowers under various home and property loan schemes with concessional interest rates in 2013 and 2016, it was announced on Sunday.

The agency’s move comes in the wake of a complaint received from UCO Bank on March 27.

The Central Bureau of Investigation filed the FIR on March 29 naming five persons, including former UCO Bank Jayanagar’s Branch Manager K.R. Saroja.

Others were middleman B.S. Srinatha and three approved valuers of the bank — Jambunath and proprietor of two Bengaluru-based firms identified as Gopinath R. Agnihotri and N. Venkatesh.

It is alleged that Saroja, while her posting as a Chief Manager between August 26, 2013 and June 1, 2016, sanctioned and disbursed various home and property loans to 18 borrowers with aggregate loans.

Saroja is accused of colluding with middleman Srinatha, who canvassed certain loan applications under the bank’s schemes and submitted fake and fabricated documents to support the proof of income of the borrowers in order to become eligible to avail the loans.

“The accused persons then submitted fake building plan and licence and other land documents to the bank. Saroja is accused of receiving these documents as genuine and sanctioned the loans to the applicants,” the FIR said.

Later, the borrowers withdrew the disbursed amounts and utilised it for the purpose other than for which the loans were sanctioned, at the concessional rates of interest, thereby exposing UCO Bank to and undue pecuniary loss amounting to Rs 19.03 crore, it said.

It is alleged that Agnihotri, Jambunath and Venkatesh had inflated the valuation and failed to give their fair valuation report of the sanctioned loan to the accused bank officials.

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

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