Forgery put Standard Chartered Bank in the dock

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New Delhi, Feb 8 (UNI) A city court today ordered initiation of a criminal case against Standard Chartered Bank and its officials for filing a false case against one of its customers.

The Standard Chartered Bank had filed a case under section 138, Negotiable Instruments Act, before the court of Metropolitan Magistrate Ajay Pande.

The case was filed against one Sunil Upadhayay, who had taken some loan from the bank and had paid all the outstanding dues of the bank by paying an amount of Rs 85, 000 on November 28, 2002.

The bank had also issued a No Due Certificate to him on January 16, 2003.

Despite that the bank filed a complaint against Mr Upadhayay on September 5, 2003.

The court, however, dismissed the complaint of the bank and ordered initiation of the criminal case against the bank and its two officials for giving false and fabricated evidences before the court and trying to get a person prosecuted on false charges.

The court said as the bank was aware of the facts, it was a clear case of '' dishonest intention'' on the part of the bank.


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