Crime
CBI chargesheets former CMD, 2 officials of Corporation bank in fraud case
The CBI on Friday said it has filed a supplementary chargesheet against a former chairman cum managing director and two others of the Corporation Bank in connection with a bank fraud, officials said on Friday.
The chargesheet was filed in a Mumbai Court.
The case in which Ramnath Pradeep, the former CMD, Corporation Bank, S.N. Murthy Shankar, the former Chief Manager, and A.P. Shiva Kumar, the former senior manager of the Bank have been chargesheeted, was registered in 2017.
According to the officials, the Corporation Bank had lodged the case against it’s officials and a Mumbai based private firm.
The private firm was incorporated in 1994 was engaged in manufacturing of Aluminium Foil Containers. They allegedly took credit of Rs 60 crore from e-Corporation Bank (now UBI). The firm which took the loan for doing business allegedly diverted the fund.
“After diverting the fund, the firm invested it into real estate. Thus they caused a huge loss to the bank in the name of loan,” they said.
The complaint filed by the bank had mentioned about the involvement of it’s high rank officials. The Bank officials allowed disbursement of Rs 59 crore without confirming the drawing power with the lead bank.
As per the officials, “The accused bank officials also extended the time limit to the private firm for seeking NOC from the lead bank inducting Corporation Bank in consortium. They subsequently dispensed with the condition of seeking NOC from the lead bank of the consortium.”
The former CMD of the bank sanctioned working capital limit of Rs 60 crore to the firm on the pretext of refusal by three of the existing banks of consortium to share the enhanced limits.
It was alleged that the accused did not ensure seeking confirmation from three banks about the reasons for refusal to take their share in enhancement of limits and sanctioned their share without ascertaining the factual position of financial closure and tie-up status.
Sanction of said CC limit was in contravention of the lending policy of the bank.
The accused bank officials also waived the condition of obtaining NOC from Lead Bank which caused the bank financial loss.
As per the officials, “The accused associated in the appraisal of the sanction proposal of private firm knowing fully that the applicant of the loan was neither a director nor an authorized signatory of borrower company.”
They associated in preparing the memorandums for modifications of the sanction terms with regard to the private firm and did not verify the actual position of the working capital requirement of company from the lead bank, the sources said.
It was also alleged that the accused did not comply with the modified sanction terms and allegedly disbursed the loan without informing the Lead Bank about the sanction.
In December 2020, the CBI had filed it’s first chargesheet in the matter.
Crime
Mumbai: Man Stabbed To Death After He Intervenes To Settle Dispute In Sion Koliwada; Antop Hill Police Arrest 5
Mumbai: A 22-year-old was murdered in the early hours of Friday in Mumbai’s Sion Koliwada area after an argument broke out over noise pollution. The Antop Hill police have registered an FIR in the case and so far five people have been arrested and further investigation is underway.
The incident took place around 12:30 am in Kokri Agar In Jai Maharashtra Nagar, Antop Hill. Vivek Gupta (22) was attacked with a knife and he succumbed to his injuries. As initial information available, a group of people were making noise causing disturbance on the street which lead to an argument broke out. Gupta had gone to resolve the dispute between the accused, however, angered over his interference, Gupta was attacked.
What started as a small fight soon escalated and Gupta was attacked with a knife. He was immediately taken to Sion Hospital, however, he succumbed to his injuries. He was pronounced dead at 3:30 am. The senior police officers of Mumbai Police Zone 4 were present at the hospital. The cops have so far arrested five suspects connected to this incident, and further investigation is underway.
The arrested accused are: Karthik R Mohan Devendra, Karthik Kumar Devendra, Vicky Muttu Devendra, Miniappan Ravi Devendra and the wife of Karthik R Mogan, the police informed. The case is registered under the relevant sections of the Bharatiya Nyay Sanhita.
Crime
Mumbai: 6 Booked For Defrauding Stock Trader Of ₹1.5 Cr In Bitcoin Investment Scam
Mumbai: The Bandra police have registered an FIR against six persons for allegedly defrauding a stock trader of nearly Rs 1.50 crore in a Bitcoin investment scam. The suspects fled even before the case was filed, prompting a manhunt. They have been identified as Abur Sode, Dhanjibhai Rawaria, Jishan Shaikh, Indrajit Latif, Abdul Latif, and Ramkumar Dharmak, all from Mumbai and Navi Mumbai.
The complainant in the case, Yogesh More, 50, is a resident of Parel and operates a stock trading business in the Marwari area in Bandra West. He met the accused three years ago, during which they introduced themselves as representatives of a company called Friptex Finsol, claiming to offer Bitcoin as a virtual currency.
Trusting them, More transferred around Rs42 lakh in cash and Rs1.08 crore via cheque to various bank accounts associated with the company for Bitcoin purchases between November 2021 and October 2024. Despite these payments, he did not receive the promised Bitcoins, and after multiple inquiries, the accused continued to evade him. Over the last three years, neither the Bitcoins nor a refund was provided.
Complaint Lodged At Bandra Police Station
Suspecting fraud, he began investigating and discovered that Friptex Finsol was a bogus company, and the accused had orchestrated a scam. He then lodged a complaint with the Bandra police. Following an initial inquiry, the police registered a case against six persons under sections 406 (criminal breach of trust), 420 (cheating), and 34 (common intention) of the Bharatiya Nyaya Sanhita.
A police officer said that the accused are from Mumbai and Navi Mumbai. “The preliminary inquiry has not revealed any past criminal history. We are searching for the accused,” the officer added.
Crime
West Bengal: Youth Arrested For Rape Of Deaf & Mute Woman In South 24 Parganas’ Kultali
Kolkata: A youth was arrested on the charges of raping a deaf and mute woman at a deserted building in Kultali in South 24 Parganas district of West Bengal.
Even as the main accused in the case has been arrested, the local people had been agitating claiming that a local Trinamool Congress panchayat chief Prahlad Nashkar allegedly pressurised family members of the victim to settle the matter against Rs 2,00,000.
However, Nashkar has denied the allegations, saying he was the first to reach the spot and inform the family members of the victim about the incident.
Complaint Filed
The victim’s family members filed a complaint on Wednesday evening. Thereafter, the police started an investigation and based on circumstantial evidence, the accused youth was arrested.
He will be presented at a district court in South 24 Parganas on Thursday only and the public prosecutor will seek his police custody, a district police official said.
Part Of Kultali & Jaynagar Turn Into Virtual Battlefields
In the first week of this month, part of Kultali and adjacent Jaynagar turned into virtual battlefields over violent protests by the local people over the rape and murder of a minor girl there.
At that point in time, the main allegation of the local people was against the police and the latter ignored the missing complaint by the parents of the victim. The local people also alleged that had the police been active in tracking the victim minor, the heinous crime could have been averted.
The protesters became violent and attacked the police station. A local police camp was ransacked and set on fire. The police had to resort to massive lathi-charge to dispel the mob then.
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