Recovery

Only

- Stop Credit Facility of Project -

of Remaining Installments
W/o Sufficient Basis + Reason
After 1st installment provided
After Credit facility approved
By BFI
To Loss working PROJECT -

Recovery -
+ 3 months Imprisonment

- Open Accounts
Fake Name (Fictituous Person) -
Fake Documents

- Draw Cheque w/o Suff balance

 Recovery
+ 5 years imprisonment

Loans (Avail/ Provide) -

Fake Business (Artificial Biz)
Fake Documents (Fake FS) -
Unnatural Overvaluation of Security
Unnatural Hiking of Project Cost
Years
Excess/ Low/ False Valuation ; by Valuer : 1 to 3
For : Auction/ Sell/ Other Purpose 3 to 5
Collateral Security ( Movable/ immovable) 5 to 7
Non Banking Assets ( Movable/ immovable) 7 to 9

Asset Valuation by Valuer :

For : Person with his Financial interest
OTHER POINTS
Different FS for Same Period -
For : Obtaining Loans/ Facilities -
By : Person, Firm, Company, Entity -
-
Certify 2 different FS : By Auditor -
For : Same period/ date -
To be submitted to : GoN, Foreign Donors, Other Entities -
Without Disclosure of his opinion -

-
-

IF suit Cannot be established

- Fine : Upto Rs 10 Lakhs
- Imprisonment : upto 2 years
 Recovery
+ Imprisonment : as per Suit

Dhukuti Transaction by Any person -

-
Banking Transactions by Co-operatives -
without approval of NRB -
-
Suit Amount -
0 to 50 Lakhs -
50 lakhs to 5 Crores -
5 Crores to 50 Crores -
Above 50 Crores -
-

OTHER POINTS
By CEO, Employee : + 1 yr Imprisonment -
Assists in offense : 1/2 of Punishment -
Causing Hinderance : 5000 + 6m : Max -
FIR : Within 1 year -
Suit : Within 6 m of FIR
Plaintiff : GoN
Detain Offender after Warrant
Further Detention : if investigation > 24 hrs -
Approval : if above additional detention -
Max : 6o days at a time/ mutliple time -
(not exceeding 7 days at multiple times)
Offender: Not eligible to work in BFI
Special Investigation Force : -
NRB, Police Chief , Attorney General

IF suit Cannot be established

- Fine : Upto Rs 10 Lakhs
- Imprisonment : upto 2 years
 Recovery
+ Imprisonment : as per Suit

Irregular Economic or Financial Transaction

Tampering in Bank documents, Forgery
Misuse of Credit
Misuse of Banking Resources
Incurring of Assets
Financial irregularity when selling NBA, other assets
Withdraw money in unauthorized manner
Unauthorized Fund Trf/ Payment
Unauthorized use of Cards, ATM, Electronic Means
Borrower (Overdue + Blacklisted) :
Open/ Continue/ operate Account in Local/ Foreign BFI
Except for Loan repayment :
Kept in Account for 30 days + Payment in Cheque
and withdrawal for basic needs only
Possess/ Purchase assets
Avail/ Provide Loan Beyond Authority / limit
Avail Loans by CEO. Employees (except as per service)
Reavail/ reprovide loans from another BFI
without releasing collateral provided to earlier BFI
above amount covered by such security
(Except : paripassu Loans)
Extend Credit more thay requirement
Undue benefit in return of credit
Credit to false borrowers/ those having financial interest
created by Promoters, CEO, Employees, officials
in order for them to misuse the loans
Loans to entity having no financial capability to run biz

Years => Suit Amount

Upto 1 => 0 to 10 Lakhs
2 to 3 => 10 lakhs to 50 Lakhs
3 to 4 => 50 lakhs to 1 Crore
4 to 6 => 1 crore to 10 Crore
6 to 8 => 10 crore to 50 crore
8 to 10 => 50 crore to 100 crore
10 to 12 => Above 100 crore