Castellino is alleged to have sold 23 plots of land in Quepem by executing a Power of Attorney in the name of a dead person. The fraud came to light following a complaint from the State Bank of India, Cuncolim branch from where he had secured loans to the purchasers of his plots.
The total loan amount sanctioned by the Bank is Rs. 2.76 crore to the 23 purchasers and the then manager of the branch has already been placed under suspension.
Castellino reportedly executed a Power of Attorney in the name of one Antonia D’Souza on 25th January 2009 and divided her property at Quepem into 23 plots. However, investigations by CBI revealed that the said Antonia had actually died more than 10 years before on 3rd September 1998.
As his anticipatory bail application was rejected by the Sessions Court, Castellino moved the High Court which asked him to be present in the court to hear his application.
However when the matter came up for hearing on Monday, Adv. Joseph Vaz, counsel for CBI stated that the accused had already surrendered before the CBI.