Connect with us
Monday,16-June-2025
Breaking News

Crime

CBI chargesheets former CMD, 2 officials of Corporation bank in fraud case

Published

on

CBI

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

Odisha EPFO official arrested by CBI for Rs 10,000 bribe

Published

on

Bhubaneswar, June 14: An official of the Employees Provident Fund Organisation (EPFO) in Odisha was arrested by the CBI for taking a bribe of Rs 10,000 from a chartered accountant for approving applications about two companies, an official said on Saturday.

Anil Rath, Senior Social Security Assistant (SSSA), EPFO Regional Office, Berhampur, District Ganjam, was allegedly harassing the complainant by delaying the approval, the official said.

A case was registered by the CBI on June 12 against Rath on the basis of a complaint filed by Suraj Kumar Dash.

He was booked for the offence of demanding undue advantage/bribe by a public servant under the Prevention of Corruption Act and criminal conspiracy under the Bharatiya Nyaya Sanhita (BNS).

Rath allegedly demanded a bribe of Rs 10,000 from the complainant to approve the Authorised Signatory Application of two employers — Jai Jagannath Infratech and Uttam Padhi, on the EPFO Portal.

Dash said the application was repeatedly rejected by Rath between March and May on the grounds of incomplete documentation.

“I visited the EPFO (Regional Office, Berhampur) again on June 11 to find out the reason why the application is under process. Where PRO Anil Rath demanded Rs 10,000 (for two employers at the rate of Rs 5,000 per company) to approve the Authorised Signatory Application,” said Dash in his complaint.

After negotiation, the accused agreed to accept a bribe of Rs 10,000 from the complainant, the CBI said.

On receiving a complaint from Dash, CBI, ACB, Bhubaneswar verified it on June 12.

The verification report which confirmed the demand of bribe said, “The complaint and its subsequent verification report, prima facie, disclose commission of cognizable offence punishable under section 61(2) of Bhartiya Nyaya Sanhita read with section 7 of the Prevention of Corruption Act, 1988 (as amended in 2018), on the part of Anil Rath.”

The report also raised suspicion about the involvement of other officials in the alleged demand of a bribe.

“During verification of the complaint, Anil Rath is talking about some other officer of EPFO by addressing him as ‘Sir’. As the identity of that person has not been established during the verification, hence, his role will be looked into during the investigation,” said the report.

Continue Reading

Crime

Notorious criminal Angesh Kumar nabbed after encounter in Patna’s Khusrupur

Published

on

Patna, June 14: In a breakthrough, Patna Police on Saturday morning arrested notorious criminal Angesh Kumar following an encounter in the Khusrupur area on the outskirts of the city.

According to Senior Superintendent of Police Avakash Kumar, the arrest was the result of a well-planned operation based on specific intelligence. Angesh, wanted in over 18 criminal cases including attempt to murder, dacoity, arms possession, and loot, had been hiding in a village under the jurisdiction of Khusrupur police station.

“Acting on a tip-off, a special team led by the Khusrupur SHO raided the location early morning. While in custody, the accused tried to escape by attacking the police and opened fire using a concealed weapon. Our team retaliated swiftly and overpowered him,” SSP Kumar said.

During the exchange, Angesh sustained a gunshot wound to his leg. He was immediately taken into custody and admitted to a hospital. Police sources confirmed his injuries were minor, and he remains under medical supervision.

Police officials said that during preliminary interrogation, Angesh confessed to his involvement in more than a dozen serious criminal cases across Patna and neighbouring districts. He also revealed details about his possession of illegal firearms and previously looted items.

Following his confession, the police have launched search operations to recover the stolen property and weapons used in his crimes. A team from the Forensic Science Laboratory (FSL) has also reached the site to collect evidence, including spent cartridges and ballistic traces.

A fresh FIR has been lodged against Angesh under multiple sections, including attempt to murder, use of firearms in public, and violation of the Arms Act.

“This arrest is a significant step in our ongoing crackdown on organized crime and repeat offenders. Such operations will continue to maintain public safety and deter criminal activities,” the SSP added.

This comes a day after another notorious criminal was arrested in Vaishali following a similar police operation.

Continue Reading

Crime

Besides fake passports, ED uncovers Pak national’s role in fake voter ID racket in Kolkata

Published

on

Kolkata, June 14: The Enforcement Directorate (ED) has unearthed fresh evidence indicating the direct involvement of Azad Mullick, a Pakistani national arrested in Kolkata in April, in a major racket involving fake Electoral Photo Identity Cards (EPICs), in addition to earlier charges of passport fraud and hawala operations.

According to ED sources, the agency has launched a deeper investigation following specific leads that point to Azad’s key role in facilitating fake EPICs, especially for illegal Bangladeshi infiltrators.

Mullick is already facing two serious allegations — involvement in a fake Indian passport syndicate and operating an underground hawala network from Kolkata.

The latest findings suggest that Azad had managed to penetrate local administrative networks to obtain and distribute forged voter IDs.

The ED has formally sought details of 78 EPIC cardholders from the office of the Chief Electoral Officer (CEO), West Bengal.

Investigators suspect that at least 55 of these cards were arranged by Azad, with recipients primarily from the bordering districts of North 24 Parganas and Nadia.

The CEO’s office has, in turn, asked the district magistrates of these areas to verify the identities of the listed individuals, and a comprehensive report is expected to be submitted to the ED by the end of this month.

During interrogation, Azad reportedly admitted to being listed as a voter in the Dum Dum-Uttar Assembly constituency in North 24 Parganas — one of the seven assembly segments under the Dum Dum Lok Sabha seat.

He is believed to have voted in both the 2021 and 2024 elections. The ED has requested the CEO’s office to furnish documents based on which Azad procured his EPIC.

The issue of foreign nationals acquiring Indian voter IDs has emerged as a politically charged matter in West Bengal, particularly ahead of next year’s Assembly elections.

In a related development on Friday, the CEO’s office reportedly removed Newton Das — a person holding dual citizenship of India and Bangladesh — from the electoral rolls.

Das, who was active in the student movement in Bangladesh last year, had been registered as a voter in the Kakdwip Assembly constituency of South 24 Parganas district.

Azad’s case, however, is even more complex. When the ED arrested him in April, seized documents initially indicated that he was a Bangladeshi national who had acquired Indian documents — including a passport — using fake credentials.

But on April 29, the ED informed a special court in Kolkata that Mullick had confessed to originally being a Pakistani citizen. He reportedly admitted to first obtaining Bangladeshi citizenship through forged documents, and subsequently using the same modus operandi to acquire Indian identity documents.

Continue Reading

Trending