Prabhu Bank’s Chief Manager Sunil Rana says he is not involved in credit chain

Kathmandu. Sunil Rana, chief manager of Prabhu Bank, has also given a statement. Sunil Rana, chief manager of Prabhu Bank, has also testified before the police in connection with the Rs 48 crore fraud case.

Rana said he was not aware that Rs 31 crore and Rs 17 crore were pre-disbursed by obtaining approval from the concerned officials of the bank in course of loan approval.

According to him, he has only recently come to know that the pre-disbursement was done on the basis of the branch’s email, ignoring the issues mentioned by the credit chain in the loan file.

The CIB has also recorded statements of six other bankers, including five bankers, who have been booked in connection with the Rs 48 crore fraud case.

Dipendra Babu Bista working in the marketing department of the bank and 6 other bankers have also given statements in the case of Prabhu Bank.

The charge sheet along with their statements has already been registered at the Patan High Court. Sunil Rana, the chief manager of the bank, gave a statement to the police:

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Angel Sharma, who works in the credit risk department of Prabhu Bank, also gave a statement, ‘I am not involved’

Prabhu Bank’s branch manager Santosh Gyawali said, “The loan approval process is done from the top level.”

Rs 480 crore fraud case: Case filed against 7 including 5 employees of Prabhu Bank

Prabhu Bank Rs 48 crore scam: Apart from the defendant, six bankers, including Dipendra Bista, have also given statements to the CIB.

Rajendra Shrestha, defendant in Prabhu Bank fraud case, says he signed his signature after receiving instructions over phone

Details of the event can be found on the Banking World Case Study page .

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