Complaint No.3 related to "National Wire Industries". The party created a history in cheating MYBANK between the years 1985 to 1993 continuously and were able to siphon an amount of Rs.2.80 Crores (as was outstanding at the time of my last investigation). They had also cheated two other government-owned banks. In MYBANK their exploits were extended to three branches. "M-Branch", "R-Branch" and "S-Branch". At "R" Branch they borrowed for a unit, and for the same unit, loan was also obtained from other large-sized PSBs. The same physical unit was given three different names and constitution, to the three banks and this hoodwinking continued for several years.

They floated dozens of their own fictitious firms, and opened current accounts in the names of these firms with different banks and issued "kite-flying" Cheques to inflate turn-over in their working capital accounts with different branches/banks. The loan accounts were camouflaged as heavily operated accounts through this device.

They raised invoices on such fictitious firms and availed Book Debts facility against such receivables.

They gave documentary bills with fake Transport Receipts, all drawn on their own fake firm in a nearby station (Muradnagar) and availed "Bills Limit" from the branches.

Complaint No.4 dealt with "United Group (UKG)". This party is a rival in their genius in cheating the Bank to "National Wire Industries.". Their exploits also started from the year 1985 onwards first in "M-Branch and then extended to "G-Branch". They also cheated and borrowed from two branches of another Nationalised Bank, which was taken over by MYBANK, which thus inherited these advances also. This borrower also managed to siphon Rs.200 Lacs from MYBANK through their vile manipulations.

Complaint No.5 dealt with Frauds at "C-Branch". I pointed out how the Chief Manager, a hot favourite of the Zonal manager, made fraudulent advances in "C-branch" at Delhi in 1990 and 1991, and was patronised with no action. CBI registered an RC against him in respect of a single advance (out of 15) based on 3rd party complaint. But prosecution was not sanctioned and the bank chose to conduct the inquiry on the charge sheet as per investigation of CBI. The erstwhile Zonal Manager, now promoted as General Manager, secured temporary charge as GM (Personnel) i.e. Disciplinary Authority for handling this charge sheet. The Chief Manager, as per an arranged inquiry conducted was found totally innocent and was exonerated and also favoured with a promotion with retrospective effect as Asstt.General Manager. The irony of this is that two of his assistants working under him, were also charge sheeted for the same accounts (albeit irregularities, but not under common proceedings as warranted, but individually each) and they were both punished.

Complaint No.6 related to "S-Branch". I pointed out how a chief manager, who within 6 months of joining a Delhi branch in 1992 made spurious advances for more than one crore, in lightening rapidity, sponsored, as evidences strongly suggested, by dubious middleman, and after these advances were detected through investigation conducted by me and another Sr.Inspector, he simply left the branch without leave, information or permission and kept himself missing for years. No action on this chief manager, up to 1997, when at the point of his retirement, a charge sheet was issued and he was removed from service. Though it is case fit for prosecution and investigation by CBI, the authorities avoided.

All the details of the innumerous frauds and manipulations cannot be re-stated here. The complaint made covered 76 pages plus an executive summary and two supplements. All through it did convey a most unsavory way of managing a nationalised bank, as questionable acts were perpetuated extensively and continuously, until it was put a stop on account of my investigation.

Complaint No.7 reads "Attempts at Harassment & Victimisation of the Investigator to block Detection.(File-2C)" The complaint more particularly titled in the main part as "A Chronicle of Sardonic Animosity and Mordant Vengence - A Servile Reprisal and Frenzied Pursuit" It dealt with repeated attempts made in 1995 and 1996 to find material against me and punish me. How false charge sheets were engineered and inquiry carried out etc. As many as 11 charge sheets served on me. Nine in the first gap from 1977 to 1985, and 2 on the point of my retirement from service. These details are already furnished in the main chapters, and hence not reproduced in this chapter.

Complaint No.8 dealt with Frauds at Branches at Poona & Mysore (File-2C). The Branch of MYBANK at Poona (one of the branches) has now earned the distinction to be the topper in NPA in the Western Zone. As regards Mysore branch, my complaint related to one account, where also the borrower cheated the Bank Rs.2 crores (at Delhi and Mysore).

This is a gist in a nutshell. In the open page it do not want to cause any disrepute to the Institution, a tree that also provides shelter to one who cuts it. Personal names and documentary and oral evidences are furnished in the original complaint to CVC and the Bank. These are not disclosed here, since names and identities of individuals are not important. The modus operandi and gravity of frauds that have been committed is my aim to pin-point.