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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

Mumbai Police Bust Fake Goregaon Call Centre Defrauding Foreigners; 13 Held

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The Mumbai Crime Branch Unit 12 has uncovered a major scam targeting foreign nationals, following a raid on an unauthorised call centre in Goregaon. The update was first shared by Mumbai Police on X, highlighting how unsuspecting victims were tricked into paying large sums of money under the pretext of antivirus software renewal.

Investigations revealed that the accused were sending fraudulent emails, posing as legitimate antivirus renewal alerts. Once the victims responded, they were coerced into purchasing gift cards ranging between $250 and $500. These cards were then redeemed and converted into cryptocurrency, making it nearly impossible for victims to track their losses.

The racket primarily preyed on foreign nationals unfamiliar with the setup. Officials said the scam was designed to create panic among users by suggesting that their computer security had expired, pressuring them into making quick payments.

During the raid, police seized 15 desktop computers, 10 laptops, and 20 mobile phones used to run the fraudulent operations. Documents and data recovered from the systems are now being examined to determine the scale of the fraud and to identify additional victims.

Thirteen individuals have been arrested in connection with the racket. This includes two owners who were running the operation, one manager overseeing daily activities, and ten tele-caller agents responsible for contacting and convincing the victims. Police said the arrests mark a significant step in cracking down on cybercrime networks exploiting international victims.

The Mumbai Police emphasised that this bust highlights the evolving nature of cybercrime and the need for continuous vigilance. Authorities added that further investigations are underway to uncover links with larger international fraud syndicates.

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Crime

Mumbai Shocker: Goregaon School Staff Arrested After 4-Year-Old Girl Allegedly Sexually Harassed; Case Registered Under POCSO Act

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Mumbai: A four-year-old girl was allegedly sexually harassed at a renowned school on Link Road, Goregaon (West) on September 16. The Goregaon police arrested a 40-year-old female assistant staff member of the school. The city civil and sessions court in Dindoshi remanded the accused into police custody until September 19.

According to the police, the girl’s grandmother dropped her off and picked her up every day. On Monday, when her grandmother was changing the girl’s clothes after returning home from school, the girl complained that she was experiencing pain in a particular part of her body.

Subsequently, her parents approached the school informed to principal, then visited a private hospital for a check-up, and then went to Goregaon police station to register the complaint.

The police registered the case under the POCSO (Protection of Children from Sexual Offences) Act and arrested a female assistant staff member. A police officer said that they are reviewing CCTV footage and that further investigation is ongoing. According to sources, the police called in three female assistant staff members for questioning.

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Crime

Thane: 27-Year-Old Man Thrashed By Mob For Objecting To Public Urination In Kalyan

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Thane: A 27-year-old man was brutally assaulted by a group of around 15 people after he questioned a drunk man for urinating in a public place near Murbad Road in Kalyan. The shocking incident occurred around 10:30 pm on Friday near Mhaskar Hospital Chowk.

The victim, Kaustubh Mahendra Yerpude, a resident of Murar Bagh, sustained serious injuries after one of the attackers struck him on the head with a beer bottle, causing heavy bleeding.

Kaustubh, who works at an insurance company in Mumbai, was returning home from Kalyan railway station on his two-wheeler along with his friend Sachin Dombe. When their bike stalled near Bhagwan Medical, they pushed it to a nearby repair shop. Exhausted and sweating, Kaustubh stepped into a dark corner near Rohit Wine Shop.

There, he encountered a 35-year-old drunk man urinating in public. When Kaustubh questioned the man’s behaviour, the man became aggressive and slapped him. An argument followed, but the drunk individual left shortly after, only to return with around 15 men, some reportedly under the influence of alcohol or drugs.

The group surrounded Kaustubh, verbally abused him, and then began beating him. One man smashed an empty beer bottle on Kaustubh’s head during the attack, as reported. Bleeding and injured, Kaustubh tried to fight back, but was overwhelmed by the mob. The attackers fled the scene after the assault.

This disturbing incident has sparked concern among residents, who are urging the Mahatma Phule Police to take swift and strict action. Citizens are demanding that police immediately check CCTV footage from the surrounding area, identify the attackers, and ensure their arrest without delay.

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