Afraud case has been filed against Century Commercial Bank and Greenhill City, a housing company, for allegedly embezzling over Rs 10 million while selling a housing unit.
According to Beema Post, the bank, the housing company, and Shanta Sharma signed an agreement under which Century provided Greenhill a loan of Rs 13.1 million on 13 January 2019 for Sharma to buy the house, valued at Rs 32.2 million. Sharma paid Rs 10.3 million as an advance in cash. The bank, which handed over the loan amount to Greenhill, made Sharma pay the monthly installments for it.
On 21 October 2021, Sharma received a letter from Greenhill saying that she has only paid Rs 10.3 million for her house and that she needs to pay up the rest of the amount. The company, in its letter, didn’t acknowledge its receipt of Rs 13.1 million from the bank.
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