Summary:
In December last, AGM Anand and DGM Padmanaba appealed for anticipatory bail before the Supreme Court but the apex court turned down their pleas. But, they were neither arrested nor did they appear for inquiry.TNN In case of Nataraj and Ramasamy, the credits sanctioned was Rs 6.12crore and Rs 3.92crore respectively, but they were given only lesser than 50% of the amounts.Senthil managed to get those money and paid back his outstanding loan of Rs 10.25crore to the same bank. And the rest of the amount was taken by Senthil. The fake documents including LC, the guarantee letter given by banks of foreign buyers to assure that payment will be made once goods reached the buyers, were submitted to the Corporation Bank.The nationalized bank fraudulently sanctioned Rs 8.34crore to Haroon but he was given around Rs 5 rore..