A special CBI Court on Monday acquitted all the accused in the multi-crore bank scam involving a partner of Shubham Hospital,Panchkula and several officials of Punjab National Bank. Sandeep Sharma,a partner of Shubham Hospital and Diagnostic Centre in Sector 20 Panchkula,employees of PNB and a former secretary of a housing society have been acquitted from charges of corruption framed against them.
The case dates back to the year 2008 when the police arrested Sandeep for possessing a fake doctors degree to run Shubham Hospital. The hospital has since been sealed.
Fourteen people were named as accused in the scam,including officials of PNB and Corporation Bank,besides Sandeep and Geeta Ram Thakur,the authorized signatory as secretary of Bishanpura Cooperative House Building Society in Zirakpur who had signed the agreements with the bank on the request of Sandeep.
Bank officials had been accused of sanctioning loans worth crores without verifying papers of Sandeep. Sandeeps total asset value had been shown as Rs 268.5 lakh,while it was actually only Rs 112.5 lakh.
According to the investigation,Sandeep managed to secure a loan of over Rs 2 crore from PNB on documents related to 23 flats in various societies of Panchkula. Investigations revealed that the papers of the flats were forged and PNB had sanctioned the loan without verifying documents.
Prime accused Sandeep and Thakur were booked under Sections 420,467,468,471,120-B of the IPC and various sections of the Prevention of Corruption Act. Sandeep however was declared a proclaimed offender by the court.