Order of the Authority in the matter Mr. Mahesh Chand Agrawal, Registered Valuer

Mr. Agrawal for contravention of the provisions of the Rules and the Model Code of Conduct for Registered Valuers. It has been observed that three FIRs have been filed against Mr. Agarwal by the Central Bureau of Investigation, ACB, Bhopal, on the basis of complaint made by Punjab National bank, for his role as valuer of the bank. It has been alleged that he provided inflated valuation for the properties kept as collateral for the loan amounts disbursed by Punjab National Bank. The FIRs are filed for offences under sections 120B Indian Penal Code, 1860 (IPC) read with 420, 467, 468, 471 and under sections 13(1)(d) read with 13(2) of the Prevention of Corruption Act, 1988 (PC).