Patiala: Himachal Pradesh's Additional Director General of Police B S Thind was on Saturday remanded by a designated court in Patiala to judicial custody till November 11.
On Friday, he was arrested by the CBI for obtaining loans worth Rs 3.45 crore allegedly on forged documents from banks.
Thind, a 1974 batch IPS officer from Himachal cadre, was arrested along with two other persons - Harinder Singh Saini and P C Singla - for allegedly duping 15 banks of Rs 3.45 crore by showing the same property for sanctioning of housing loan.
The court fixed October 31 as the date of hearing the bail application moved by Thind, who was arrested by the CBI after he failed to make himself available before the agency.
Saini and Singla were the project directors of the Shalimar Land Project where the plots were used by Thind allegedly for procurring loans from various banks.
The agency alleged that Thind, currently posted as Additional DGP (CID and Law and Order) in Himachal Pradesh Police, had entered into a criminal conspiracy with Saini and allegedly defrauded 15 banks by using the same property for obtaining loans.
The bank fraud case was registered against bank branch manager Lokesh Sharma and others on a written complaint from the Vigilance Department of the State Bank of India, which alleged that loans were sanctioned to 32 borrowers.
The CBI alleged the loans had been provided on the basis of fake and forged documents, without conducting any pre- and post-sanction surveys.
This was a gross violation of bank norms by then branch manager Lokesh Sharma and his deputy B K Sharma in connivance with P C Singla, Arun Singla, Harinder Singh Saini, Tarsinder Garg and Ram Kumar -- the proprietors of Shalimar Land Enclave Private Limited.
During investigation of this case, it was revealed that Thind, who had taken a loan of Rs 10 lakh from SBI, had also obtained 15 housing loans aggregating to Rs 3.45 crore from various banks by allegedly submitting forged documents and misrepresenting facts.
He also misused the loans for other purposes and did not repay them, the CBI alleged.
It was revealed that Thind has taken four housing loans against plot number nine at Shalimar Enclave in Zirakpur in Patiala district from SBI's branches in Panchkula and Sector 34 in Chandigarh, ICICI Bank and HDFC Bank. The same plot was pledged as security for all four loans.
Similarly, he obtained 11 housing loans from various banks for constructing a house at plot No B 22, 23 and 24 in Shalimar Enclave. These banks are Punjab and Sind Bank, Central Bank of India, Vijaya Bank, Syndicate Bank, Canara Bank, Andhra Bank, Union Bank of India, Corporation Bank, Indian Overseas Bank, Punjab National Bank and Bank of Baroda.
He allegedly submitted forged salary certificates, forged bills of construction material, and executed general power of attorney in favour of various persons for plots which were already pledged with the banks.
A survey revealed that only one house has been built at Shalimar Land Enclave at Zirakpur in Punjab by the senior police official.
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