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

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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

Criminal with Rs 50,000 bounty killed in police encounter in UP’s Hapur

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New Delhi, Nov 10: A notorious history-sheeter carrying a Rs 50,000 reward, identified as Haseen, was killed in a police encounter in Kapoorpur area of Uttar Pradesh’s Hapur district.

The encounter took place when police intercepted him during a late Sunday night checking operation after receiving a specific intelligence input about criminal movement in the area.

According to police sources, the accused, who had more than 25 criminal cases registered against him, was allegedly planning an incident of cow slaughter (gokashi) when the police team tried to stop his vehicle. Instead of surrendering, Haseen opened indiscriminate fire on the police team. In retaliatory firing, the accused sustained gunshot injuries and later succumbed to his wounds.

Police officials recovered a pistol and a vehicle (Swift Dzire) from the encounter site. The body has been sent for post-mortem, and a detailed investigation has been initiated.

Superintendent of Police, Hapur, Kunwar Gyananjay Singh, while briefing, said: “At around 12.30 a.m. last night, we received a tip-off in the Thana Kapoorpur area about the movement of a group of suspects. Acting on this information, the Station House Officer of Kapoorpur Police Station, along with his team, proceeded towards the indicated location. During the check, they spotted a suspicious Swift Dzire car and tried to stop it. The car’s occupants fired at the police team, and the police retaliated in self-defence.”

He added, “In the exchange of fire, one of the assailants was severely injured. He was rushed to the Community Health Centre in Dhulana and later referred to Rama Medical College, where doctors declared him dead. The deceased was identified as Haseen, a resident of Manotta village under Ashmoli Police Station in Sambhal district.”

Singh mentioned that there are about 25–26 criminal cases registered against him, including serious charges such as robbery, assault, and illegal arms possession. “He was a wanted criminal with a Rs 50,000 bounty announced by the police. A pistol, live cartridges, and a car have been recovered from the spot. Further investigation is underway,” he added.

Police officials confirmed that Haseen was a notorious criminal active across western Uttar Pradesh and had been evading arrest for several months. The Hapur police, along with the Special Operations Group (SOG), had been tracking his movements based on intelligence inputs.

The encounter marks another major success for the UP Police in their ongoing crackdown against hardened criminals in the region.

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Mumbai Shocker: Retired Army Man Arrested For Sexually Assaulting Minor Girl In Chembur

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Mumbai: Mumbai Police have registered a case under the stringent Protection of Children from Sexual Offences (POCSO) Act against a 59-year-old retired Army personnel following the alleged sexual assault of a 15-year-old girl.

The horrifying incident came to light unexpectedly over the weekend. According to the police, the minor survivor was rushed to Sion Hospital after complaining of acute and persistent abdominal pain. During the medical examination, doctors delivered a shocking diagnosis to the girl’s mother that the minor was approximately two months pregnant.

This immediate and grave revelation led the mother, a 37-year-old housekeeping professional residing in Chembur, to question her daughter. Under threats and suffering, the teenage girl disclosed a distressing tale of abuse, identifying the perpetrator as a retired Army ‘uncle’ who lived in the same residential building.

The victim revealed that the accused had molested and forcibly assaulted her on multiple occasions between September 1 and October 6, 2025, while threatening her to maintain silence. Out of fear and intimidation, the young girl had kept the abuse hidden until the worsening physical pain forced her to confide in her parent. Following the confirmation of the pregnancy, the distressed mother immediately approached the RCF Police Station and filed a formal complaint detailing the sexual assault and abuse.

Acting swiftly, the RCF Police immediately registered a First Information Report (FIR) under relevant sections of the Indian Penal Code and the provisions of the POCSO Act, given the survivor’s minority status. Cops confirmed that the accused, who resided in the same building as the victim’s family, was swiftly taken into custody.

The retired serviceman was produced before a special POCSO court, which remanded him to police custody for further custodial interrogation. Authorities have confirmed that preliminary medical and forensic examinations are being conducted on both the survivor and the accused as part of the ongoing, sensitive probe.

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Rs one crore oxytocin smuggling racket busted in Lucknow, two arrested

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Lucknow, Nov 10: The Special Task Force (STF) has busted a large-scale racket involved in the illegal manufacturing and smuggling of oxytocin injections and arrested two people from Ujariyaon village in Lucknow’s Gomti Nagar area, police said on Monday.

The arrests were made following a raid at a house in Ujariyaon village, where the illegal operation was being run. According to STF officials, one of the arrested individuals is the kingpin of the racket.

Deputy Superintendent of Police (STF) Deepak Singh said that for several months, toxic oxytocin injections were being produced and distributed across Lucknow, nearby districts, and other states, including Bihar and Delhi.

“The gang members imported the raw powder from China and mixed it with phenol, urea, salt, vinegar, and colour to prepare the injections,” Singh stated.

He added that the seized injections are estimated to be worth around Rs one crore.

The arrested accused have been identified as Qayum Ali, a resident of Malakpur village in Baghpat district’s Baraut area, and his associate Mohammad Ibrahim, a resident of Madeyganj Kadam, Rasool Ward.

The house where the injections were being manufactured is located in the same area, police said.

Based on intelligence inputs, Inspector Harish Chauhan’s team from the STF conducted surveillance and raided the location on Sunday afternoon, arresting Qayum and Ibrahim.

Several oxytocin injections and the raw materials used in their production were recovered from the site.

According to DSP Singh, Qayum disclosed during interrogation that the injection powder was procured from China via courier, which first reached Loni Katra in Ghaziabad and was later transported to Lucknow.

The finished injections were then supplied to various states through a network of agents who sold them to dairies, vegetable vendors, and farmers.

The injections were administered to animals to boost milk production, while some farmers reportedly used the chemical-mixed water to wash vegetables, making them appear fresher and shinier to fetch higher prices.

Singh warned that consumption of milk or vegetables treated with oxytocin could cause severe health issues, including cancer and other chronic diseases.

Samples of the recovered material have been sent to a laboratory for testing.

During the raid, STF recovered 1,018 vials (180 ml each) of oxytocin injection, 70 litres of oxytocin solution (14 cans of five litres each), 55 litres of phenol, 27 litres of vinegar, 16,500 empty vials, nine cap sealers, 3,000 blue aluminium caps, 3,000 red aluminium caps, 2,500 rubber caps, 19 kg salt, a PhonePe scanner, three mobile phones, and Rs 790 in cash.

Police said investigations are ongoing. Further details are awaited.

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