A Delhi court has passed an order for framing of charges against a senior official of the State Bank of India and 10 others for allegedly using forged documents to cheat the bank's Industrial Finance Branch to the tune of 30.5 crores rupees in the matter of credit facilities.

Special CBI Judge Manoj Jain said that charges of cheating, forgery, using forged documents, criminal conspiracy under the Indian Penal Code and abuse of official position under the Prevention of Corruption Act were made out against all the 11 accused.

As per the CBI, HPPL, which was engaged in export and import had obtained credit facilities from Industrial Finance branch of SBI and then diverted the same to 20 bogus companies floated by it and its directors, which existed only on paper, by opening letters of credit in favour of these entities.