City Reports

Jaipur: Syndicate bank scam accused attempts suicide again!

Shankar Khandelwal consumed sleeping pills at his house in Vaishali Nagar

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February 1, 2018, 2:41 pm

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Jaipur: Shankar Khandelwal, one of the main accused in the Rs 1000-crore Syndicate Bank scam, reportedly attempted suicide by taking sleeping pills at his house in Office Campus Extension in Vaishali Nagar. He was allegedly depressed over threats from some MLAs, prominent jewelers and businessmen, his family members alleged.

Related story: Jaipur: Syndicate Bank scam accused booked for attempting suicide

It is the second suicide attempt by Shankar who is suffering from oral cancer. Earlier he had tried to end his life in a prison.

In March last year, the CBI had registered a case against several senior officers of Syndicate Bank and others for causing an alleged loss of Rs 1,000 crore to the state-owned bank.  Shankar Khandelwal is one of the accused who, in connivance with bank officials, committed the fraud by resorting to discounting fake cheques and bills against fake letters of credit (LC) and arranging overdrafts against non-existent LIC policies.

Shankar Khandelwal was arrested in the case along with charted accountant Bharat Bamb of Udaipur in March last year. He remained behind bars for a year and then released on bail in March.

Shankar Khandewal had allegedly written to the chief minister office (CMO) recently about threats. The letter went viral on social media channels. The letter names three lawyers, an MLA and 19 other businessmen and jewelers.

After he attempted suicide on Thursday, he was rushed to a private hospital where he is undergoing treatment.

It was alleged in the complaint that the accused in criminal conspiracy with each other availed home loans/credit facilities from Jaipur and Udaipur branches of Syndicate Bank on the basis of forged and fabricated documents. The funds so disbursed by Syndicate Bank were diverted and fraudulently siphoned off to the companies owned by accused persons, thereby causing an alleged loss to the bank.

Related story: Jaipur: Syndicate Bank scam accused booked for attempting suicide

First published: September 14, 2017