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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

NEET aspirant dies by suicide in Delhi days before re-exam

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New Delhi, June 17: Days before lakhs of students are set to appear for the NEET-UG re-examination on June 21, a NEET aspirant allegedly died by suicide in Delhi.

The deceased, identified as Renu, lived with her family in the Palam area of South-West Delhi. According to reports, she had appeared for the NEET examination on May 3 and had reportedly been suffering from depression after the examination was cancelled.

Police said that on June 13, Renu’s father had gone to his in-laws’ residence following the death of his father-in-law. Renu was alone at home when the incident occurred. She allegedly died by hanging herself on the evening of June 13.

A suicide note recovered from the spot revealed her emotional distress. In the note, she apologised to her parents and wrote that she had been unable to fulfil their aspirations. The family is originally from Rajasthan.

The incident comes amid growing concern over the mental well-being of students preparing for highly competitive examinations, particularly after the controversy surrounding the NEET examination and allegations of paper leaks.

Earlier this week, a 22-year-old NEET aspirant died by suicide in Rajasthan’s Sikar district. The student, identified as Umesh Mali, was preparing for his third attempt at the NEET examination, which is scheduled to be held on June 21.

This was the second case of a NEET aspirant dying by suicide in Sikar, highlighting the mounting pressure faced by students preparing for competitive entrance examinations.

According to police, Umesh was a native of Nawalgarh in Jhunjhunu district. His father works as a tile contractor in Mumbai. Umesh had been residing in a flat in the Udyog Nagar police station area of Sikar along with his mother, elder sister, and younger brother while preparing for the examination.

In another similar incident reported on Tuesday, a 23-year-old woman in Dehradun allegedly ended her life after reportedly struggling to clear the NEET examination. She left behind a note addressed to her parents that read, “Mummy-Papa, I love you.”

According to investigators, preliminary findings suggest that she had been preparing for the NEET examination for a long time and aspired to pursue a career in medicine.

Meanwhile, NTA Director General Abhishek Singh on Tuesday assured aspirants that the re-examination would be conducted in a secure and error-free manner, while cautioning students and parents against social media rackets claiming to sell “leaked papers” for hefty sums.

In a video message, Singh said there was “no leaked paper for the re-exam” and warned candidates against falling prey to fraudsters operating through Telegram channels.

He said the temporary suspension of the Telegram application till June 22 was aimed at curbing fake news and misleading claims relating to the examination.

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Crime

CISF foils smuggling bid at IGI Airport; seizes 1.21 kg gold, unaccounted cash

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New Delhi, June 17: The CISF personnel at Terminal-1 of Indira Gandhi International Airport on Wednesday intercepted a passenger bound for Kolkata after noticing suspicious behaviour during security screening. A detailed frisking led to the recovery of 1.210 kg of gold concealed in the passenger’s clothing, along with Rs 1,97,200 in unaccounted cash. Upon questioning, the passenger failed to produce any valid documents or provide a satisfactory explanation regarding the recovered items.

During the proceedings, the passenger allegedly attempted to influence the on-duty CISF personnel to avoid legal action. However, the CISF staff displayed exemplary integrity by rejecting the offer and promptly reporting the matter to senior authorities.

The passenger, along with the seized gold and cash, was subsequently handed over to the Income Tax Department for further investigation and legal action.

The successful interception highlights the vigilance, professionalism, and unwavering integrity of CISF personnel in safeguarding the nation’s civil aviation sector and reinforces their commitment to the motto of ensuring “Safe Airports, Secure Nation”.

Earlier on June 4, the CISF personnel intercepted a foreign national at the Mumbai airport and recovered illicit foreign currency worth Rs 1.39 crore, being carried by him in his luggage.

The foreign national was subsequently taken into custody and handed over to the Customs officials at the airport for further interrogation and action.

According to CISF officials, the said passenger was travelling from Mumbai to Addis Ababa with the unaccounted cash.

The foreign national, while checking in for the scheduled flight, came under the scanner of vigilant officials after the latter observed some suspicious objects in his baggage during screening at the X-BIS system. The X-ray image of his belongings created some suspicion, prompting the CISF officials to carry out a detailed examination of his hand luggage.

It was during baggage screening that the CISF personnel stumbled upon a suspicious bag, belonging to a traveller of foreign origin, and then dug deeper into the scanned image. An uncleared foreign currency amounting to USD 145,000 (approx Rs 1.39 crore) was found in his bag and subsequently seized by the authorities.

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Crime

Accused in Rs 2 crore Pune embezzlement case arrested in Nashik

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Nashik (Maharashtra), June 16: An absconding accused in a Rs 2 crore embezzlement case registered in Pune was arrested in Maharashtra’s Nashik on Tuesday, police said.

According to a complaint filed by Kiran Dadasaheb Shinde, 38, with Pune police, the responsibility for flat sales and related activities across four buildings (A, B, C, and D) of the ‘Ganga Fernhill’ project had been entrusted to Senior Sales Manager Simon Ronnie Peter, 42, but he allegedly, instead of depositing the proceeds from flat sales into the company’s account, transferred the funds to a fraudulent private bank account belonging to his associate, B. Chandrashekhar, thereby embezzling approximately Rs 2 crore collected from 32 customers.

Based on the complaint, a case was registered at Pune’s Kalepadal Police Station on June 9 (Crime No. 257/2026), under various sections of the Bharatiya Nyaya Sanhita (BNS), 2023.

However, following the registration of the case, Peter went absconding and even switched off his mobile phone to evade arrest.

During the course of the investigation, Pune police received information that the accused was hiding in Nashik city and officials from Kalepadal Police Station contacted Senior Police Inspector Ashok Sharmale of the Gangapur Police Station and sought assistance in tracing and apprehending Peter.

Acting on credible intelligence, Sharmale learned that the accused Peter had arrived in Nashik in a car and was staying in Room No. 301 of Hotel Treebo Sapphire in Kalenagar on Gangapur Road.

Upon receiving the information, Crime Investigation Team officer Ghanshyam Bhoye and his team were immediately dispatched to the location. Acting swiftly, the police team detained the accused and subsequently handed him over to the Pune police for further legal proceedings.

The operation was successfully carried out under the leadership of Senior Police Inspector Sharmale of the Gangapur Police Station, and his team, including Assistant Sub-Inspector Tushar Deore and Police Head Constables Ravindra Mohite, Girish Mahale, Bhagwat Thavil, Ghanshyam Bhoye, Pravin Kedare, Gorakh Salunke, Sujit Jadhav, and Tulshidas Chaudhary.

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