February 25, 2024

When the higher officials of the bank came to know about it, a case was registered against 13 people who complained in the crime branch.

Basically, cases of economic offenses are increasing day by day in Surat, the economic capital of Gujarat. In that case, his own employee has cheated with Utkarsh Small Finance Bank, which provides loans for small businesses.

Further, in which loans were given to people by overvaluation by the accused relationship manager. When the higher officials of the bank came to know about it, a case was registered against 13 people who complained in the crime branch.

Furthermore, a complaint was registered in the DCB Crime Branch in Surat about a fraud of Rs.31 crore with Utkarsh Small Finance Bank. A case was filed against Mahaveer Vijay Bharodiya as an accused in this case. Advocate Wajid Shaikh, as the accused’s counsel, strongly opposed the bail application by the lawyer of Utkarsh Bank, who was placed in the anticipatory bail court.

In the end, in the counter arguments, the court upheld the argument in favor of the accused and gave him the land. In fact, the bank was financially damaged by the accused, in which overvaluation loans were given to different customers.

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