CBI officials said the directors of the company obtained high credit limits from the bank by mortgaging properties that had already been sold or mortgaged to other financial institutions.
Individuals named in the FIR include Rohtas Projects, Andes Town Planners Pvt Ltd, Paresh Rastogi, Pankaj Rastogi, Piyush Rastogi, Deepak Rastogi, Munni Lal Verma and unidentified officials.
All defendants were charged with criminal association, dishonesty and under the relevant sections of the Corruption Prevention Act.
The FIR was filed following a complaint from the managing director of Canara Bank, Ajeet Srivastava.
The real estate company had approached the bank in 2014 for a loan.
In his complaint to the CBI, Srivastava said Rohtas Projects obtained the credit limit by mortgaging properties that had already been sold and mortgaged to other financial institutions. He said administrators also created subsequent mortgages on properties already mortgaged to the bank.
“The company deceived the bank by creating multiple mortgages on the same property. Borrower has deleted facts about prior mortgages and mortgaged properties. No authorization was sought from the lender for other mortgages,” he said.
“The lower ground floor (measuring 1400 square feet) of Rohtas K’s Trident has been leased to both RC Club and Canara Bank. Its 19,000 square foot first floor commercial space and five other properties have also been leased to different banks and individuals,” he said.
In December last year, CBI filed an FIR against the same firm for duping Canara Bank out of Rs 24.8 crore. The directors and guarantors of Rohtas Projects were accused of deceiving the bank by misrepresenting the facts.