Nirmal Soni and Company, the Auditors appointed to conduct Concurrent Audit of Syndicate Bank in Udaipur, have confirmed that Bharat Bomb, the accused in the Rs 800 Crore Syndicate Bank Scam is a sleeping partner in the company since 2009. Interestingly, during investigations, it has been found out that this company was conducting the concurrent audit at Syndicate Bank during 2007-2010.
During CBI investigations, this involvement was highlighted that Bomb was a sleeping partner in Nirmal Soni and company. Further, he had a vast list of well known businessmen and high net worth individuals as clients, whom he used to coax into taking big loans for their professional or personal needs. The loan amount used to be much more than the actual requirement, which, the clients when convinced of the Income Tax benefits used to agree to and have it processed. Fraudulent documents that needed to be produced for the Bank, were also allegedly forged by Bharat Bomb, in the capacity of the clients CA as well as being associated with Nirmal Soni and Company, where he allegedly used to ensure that the Concurrent Audit overlooks the forged document. Nirmal Soni, however, clarifies that though Bharat Bomb was sleeping partner, he was not involved in the Audits.
It is further alleged that Bomb used to take the extra amount as a loan from his borrower clients and the clients. People were duped by his reputation as a Chartered Accountant as well as being the man behind projects like Royal Raj Vilas.
More investigations by CBI are expected to continue from tomorrow onwards.
Source: Dainik Bhaskar