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Loan fraud: CBI books Pune firm, officials for allegedly causing loss of ₹49.85 crore to PNB

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Mumbai: The Central Bureau of Investigation (CBI) has registered a case of criminal conspiracy, cheating and criminal misconduct against a private company and its officials for allegedly causing a wrongful loss of ₹49.85 crore to the Punjab National Bank (PNB). The bank in its complaint has alleged that the accused had siphoned off, diverted the bank funds and utilised it for the purpose other than the purpose for which it was sanctioned and thereby diverted the funds for other activities and not making repayments.

According to the CBI, they had received a complaint on February 23, 2022, from Uday Kumar Sinha, Assistant General Manager, PNB, Pune. The complaint revealed that the borrower company through its officials and other unknown persons entered into criminal conspiracy with unknown public servant for fraudulently availing credit facilities to the tune of ₹50 crore and later caused wrongful loss to the tune of ₹49.85 crore (outstanding liabilities as on March 31, 2013, excluding interest) to the PNB.

Account turned NPA with outstanding balance of 49.85 crore

The company is dealing in pharmaceutical packaging, clinical trial services, non-clone-able technology and others. “The company failed to pay the first quarterly installment that fell due in November 2012, which was due after the permitted moratorium period of 24 months. Interest had not been serviced since January 2013. Due to default in payment of installment, the account turned NPA on March 31, 2013, having outstanding balance of ₹49.85 crore and was declared as fraud and loss asset on 08.11.2013,” said a CBI official.

“From the said facts, it is evident that the company had not utilised the proceeds of the term loan of ₹50 crore as per terms and conditions of sanction. The funds availed from the bank have also been diverted by the company to its subsidiaries. It is apparent that the company and its directors had dishonestly and fraudulently committed various offences of criminal breach of trust, fraud, siphoning of funds, diversion of funds, criminal misappropriation and cheating on the bank,” the official said.

Crime

Wildlife Smuggling Racket Busted: Rare Snakes, Reptiles, Caged Orangutan Rescued From Dombivli House

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Thane: In a significant operation exposing a wildlife smuggling racket, the Forest Officials rescued rare species of animals from a highrise in Dombivli. The officials raided an apartment in Palava City, Dombivli and found exotic animals including lizard, turtles, rare species snakes and other reptiles stored in the flat. Horrifying enough, the team found a monkey caged in the washroom of the apartment.

It was later confirmed that the rescued animals included Ignuana (lizard), an Orangutan and python. The operation was conducted by the Forest Range Officers from Thane and Kalyan along with a team from Manpada Police Station after a tip.

The officials did not find any accused present in the apartment at the time of the raid. A case under the Wildlife Protection Act 1972 has been registered and a search for the accused is underway. Meanwhile, the seized species are handed over to a local NGO on a temporary basis for observation.

The video of the forest officials raid surfaced on the internet shows a boy opening the door of the well-kept apartment. After entering the flat, the officials gradually come across wildlife species stores in small cage, plastic boxes piled up in the passage and shocking enough an Orangutan in washroom at the end of the apartment.

As per the statement issued by the police, the teams raided the 8th floor apartment in B wing of Savarna Building in Palava City, Dombivli. In the action, the exotic animals seized as prima facie identified as python, ignuana (lizard), turtle, snake etc. The seized wildlife species, on temporary basis, are handed over to Birsa Munda- a local NGO. The pachanama, documentation and search for the accused is underway, it added.

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Crime

Mumbai: Unidentified Body Of Man Chopped Into 7 Pieces Stuffed In Plastic Boxes Found Near Gorai Beach; Probe On

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Mumbai: The dismembered body of a man, estimated to be between 25 and 40 years old, was discovered in several plastic boxes on the side road which goes to Gorai Beach in Mumbai on Sunday.

Upon receiving the information, police arrived at the scene and took the body into custody. It was later sent for a post-mortem examination. The body has not yet been identified, and a case has been registered.

According to police, on Sunday, a male body was found near Picxy Hotel, Babar Pada, Gorai, Borivali West. The body was cut into seven parts and packed in four plastic boxes. The deceased, believed to be between 25 and 40 years old, was wearing dark blue jeans and black shoes. His right hand bore tattoos.

A resident named Santosh Shinde, 55, from Mira Road, informed the Gorai police after learning about the incident. The Gorai police recovered the body from Shefali village in the Babarpada area.

A forensic team is currently investigating the case, and inquiries are ongoing in the vicinity of the incident location. Police have stated that the recovered body remains unidentified. The Gorai police have registered a case, and further investigation is underway.

A special team has been formed to investigate, and information is being gathered from CCTV footage and nearby police stations to assist in identifying the body.

A police officer said that the body was sent to Bhagwati Hospital for a post-mortem. “We can’t conclude anything immediately, as we are still investigating the matter,” the officer said.

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Crime

Mumbai Cops and Poll Squads Seize 1.95 kg of Gold Worth Rs 1.43 Crore in Dahisar

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Mumbai: Cops, poll flying squads seize 1.95 kg of gold worth Rs 1.43 cr in Dahisar

Ahead of the Maharashtra Assembly elections, enforcement agencies in Mumbai’s Dahisar have seized 1.95 kg of gold valued at Rs 1.43 crore.

During a routine inspection at Avdhoot Nagar in Dahisar West, the Static Surveillance Team No. 9, led by Yatin Dhondekar and under the guidance of Returning Officer Sheetal Deshmukh of the 153-Dahisar Assembly Constituency, successfully confiscated 1.95 kg of gold valued at Rs 1.43 crore.

The seizure was part of routine surveillance measures designed to prevent the unauthorised movement of precious metals and unaccounted cash.

This significant operation underscores the SST’s commitment to curbing illegal transactions of cash, precious metals, and liquor in the region, aimed at preventing undue influence on voters during the election period.

The Model Code of Conduct was enforced in the state on October 15 ahead of the polls scheduled to be held on November 20.

Voting for the 288-member Maharashtra assembly will be held on November 20 and counting on November 23.

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