Chandigarh bank fraud case: Two directors of private firm granted anticipatory bail by CBI court

Indian Overseas Bank was defrauded to the tune of Rs 7.29 crore on the basis of false and forged documents.

The special CBI Court of Chandigarh granted anticipatory bail to two directors of a private firm, Arvind Machine Tools Private Limited, Mohali, in a case of fraud for allegedly causing around Rs 7.29 crore loss to the Indian Overseas Bank.

The bail has been granted to Sahil Gorwara and his mother Daljit Kaur Gorwara, by the Court of ADJ Dr Sushil Kumar Garg.

As per the Prosecution, the case dates back to 2015, when the CBI had registered an FIR against eight persons, including four retired officials of Indian Overseas Bank, for allegedly causing around Rs 7.29 crore loss to the bank. The FIR was registered on the complaint of D C Kar, Chief Regional Manager, Indian Overseas Bank, on October 7, 2015. The complainant had alleged that Arvind Machine Tools Private Limited, Mohali, was engaged in manufacturing of auto component, and Arvinder Singh Gorwara (now deceased) and Amarinder Singh Gorwara were the directors of the company. Meanwhile, on January 15, 2014, Sahil Gorwara was made the director of the company after removing Arvinder Singh Gorwara without informing the bank. As per allegations, then in order to siphon off money from the limited account, Arvind Machine Tools Private Limited made transactions through RTGS in the accounts of various bogus firms floated for this purpose and due to the omissions and commissions on the part of the accused, Indian Overseas Bank was defrauded to the tune of Rs 7.29 crore on the basis of false and forged documents.

Daljit Kaur in her bail plea mentioned that she never remained as the director in the questioned company and never signed any document and she never had any concern with the financial/business transactions of the questioned company. Daljit Kaur said she is being harassed and named as accused in the present charge sheet for the sole reason that as per the charge sheet, the main allegations are against Amarinder Singh Gorwara and Arvinder Singh Gorwara, who are son and husband of petitioner. Sahil pleaded that he was a college-going student at the time of happening of alleged occurrence and he also never signed any document and it was specific stand taken by him during the period he joined the investigation with CBI.

The CBI however opposed the bail pleas, the Court after hearing the arguments and facts of matter, granted anticipatory bail to the accused.

The accused Amarinder Singh Gorwara, his son Sahil Gorwara and his wife Daljit Kaur Gorwara, directors, Arvind Machine Tools Private Limited, Parminder Singh, proprietor, Punjab Steel Scrap Corporation, Adarsh Kumar Rajwanshi, then AGM/Branch Manager, Indian Overseas Bank, Sector 7, Chandigarh, Vijay Kumar Grover, then Senior Manager, Indian Overseas Bank, Satya Kumar Pareek, then Chief Manager, Indian Overseas Bank, and Raj Kumar Panjla, then Senior Manager, Indian Overseas Bank, are facing charges under sections 120-B, 420, 467, 468 and 471 of the IPC and Section 13(2) read with 13(1)(d) of the Prevention of Corruption Act. Another accused Arvinder Singh Gorwara died.