Summary:
“They mortgaged the deeds and procured cash limit of Rs 3 crore for the factory. We had earlier arrested one of the beneficiaries…”A senior police officer said Upadhaya was chargesheeted by the CBI in three similar cases, where he had sanctioned credit cash limit allegedly after accepting bribes. Police also found that Upadhaya ignored the applicant’s credit rating, which was very bad, while sanctioning the loan. They had submitted a forged NOC letter of a private bank at the time of procuring credit cash limit and the amount was later transferred into the account of some builders,” said a senior officer. He was produced before a Delhi court and sent to one-day police custody..