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Wrongly accused in a bank fraud done by directors how to save myself


28-Mar-2023 (In Criminal Law)
Dear Sir, I , wish to have your valuable suggestions related to my below mentioned case. A FIR has been filed with CBI in Oct'16 against 4 Bank Managers, other professionals & Directors of a borrowing company. Being innocent I including the other 3 Bank Managers have become victim of the fraud case penetrated by the fraudsters (Directors). In the said FIR the sections mentioned are 120B, 420, 468 & 471 against all of us. As the Manager(Credit) this was my 1st recommended proposal during my probation days in 2012 & the loan was sanctioned by Bank's internal Committee. The Directors of the Company defrauded the Bank by submitting fake deed in 2011 during the 1st sanction of the loan; during this time I did not join the Bank. Unfortunate in 2012 I renewed the limit depending on the TIR & Valuation Reports of Bank's empanelled persons. Bank had already punished me but again on 11.01.17 CBI have visited my residence/office; they have found nothing & gave satisfactory reports
Answers (3)

Answer #1
857 votes
Make a Complaint letter to the Police outlining the incidents against the Directors who have defrauded the Bank. As far as the case against you is concerned, best seek for anticipatory bail immediately and consult an advocate for the same without delay.
Answer #2
748 votes
Dear client, you have not mentioned whether any chargesheet has been filed against you . If the chargeshet has not been filed you can file a case for quashing the FIR in the High Court. Has the final report been submitted
Answer #3
747 votes
MY OPINION THAT i have follow your matter & i have come to conclusion that you have actually not related your matter according your submission then you have indirectly have involved by the Bank authority / authorities ,that you have many options to rescue in legal ways.

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