Team Goemkarponn
PA NAJI: A criminal conspiracy complaint was filed by the Central Bureau of Investigation’s (Goa) Anti-Corruption Branch against a few unnamed Canara Bank personnel and others for helping to mortgage a store without the owner’s consent.
Maria Philomena Shalini Lobo, owner of Shania’s Corner Wine Shop in Calangute, filed a complaint with the CBI alleging that some unnamed officials at Canara Bank’s Candolim branch conspired with others to fraudulently approve loans using forged documents linked to her property deeds and business address. The complainant said she received warnings from Canara Bank labeling her a “wilful defaulter,” despite the fact that she denied taking out any loans by mortgaging her store.
According to the FIR, a covert CBI verification showed that Shubham Naik and a person named Neeta Shettigar, also known as Xettigar, were allegedly involved in the scheme. A credit limit application for Rs 25 lakh was filed on February 28, 2020, at the Candolim branch under the name “Shania Corner Wine Shop,” which is a proprietorship registered with Xettigar.
Securities such as stock hypothecation and security for a property purportedly given to Xettigar by Naik the day before the loan application were presented in the application. However, it was stated that this property was mortgaged to Konkan Mercantile Co-operative Bank in relation to a loan that was non-performing (NPA).
Following the loan disbursement, Rs 8.9 lakh was moved from the Shania Corner Wine Shop account to Naik’s other company, Shubham Wines Store. Other loan links surfaced as well, and the investigation showed that both of the listed defendants obtained numerous loans reportedly through forging documents and even defrauding the bank.
These results led to the registration of a case under Section 7 of the Prevention of Corruption Act, 1988, as well as Sections 120-B (criminal conspiracy), 420 (cheating), 468 (forgery for the purpose of cheating), and 471 (using as genuine a forged document) of the Indian Penal Code.
