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Maharashtra

THREE YEARS RIGORIOUS IMPRISONMENT TO THEN AGM OF BANK OF MAHARASHTRA AND OTHER DIRECTORS OF MUMBAI BASED PRIVATE COMPANY IN A BANK FRAUD CASE

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The Special Court, Mumbai has sentenced Sh. D.R. Deshpande, then AGM, Bank of Maharashtra, Bandra (E), Mumbai to undergo three years Rigorous Imprisonment with fine of Rs. Two Lakh; Sh. Mukesh M. Shah, Director of M/s SPL Technochem Ltd, Mumbai & Sh. Shreyansh P. Sheth, Director, SPL Technochem Ltd, Mumbai, both to undergo three years Rigorous Imprisonment with fine of Rs.1.01 crore and other five Directors of private companies i.e. Sh. Dhumil Sheth, Director, M/s. Kalpataru Comtrade P. Ltd; Sh. Vilesh Sheth, Director M/s. Sabrang Polymers Pvt. Ltd; Sh. Vishal Sheth, Director M/s. Vision Agencies P. Ltd; Sh. Hasmukh Sheth, Director, M/s. Sharp Industries Pvt. Ltd;Sh. Vinod Sheth, Director, M/s. Sharp Industries Pvt Ltd; Sh. Manoj B. Shah, Director M/s Cat Cosmetics & Healthcare Pvt Ltd, all to undergo three years Rigorous Imprisonment with fine of Rs.50.5 Lakh. The Court has also imposed a fine of Rs. Three Lakh on M/s SPL Technochem Ltd, Mumbai.
CBI had registered a case on 18.03.2009 on complaint from General Manager, Bank of Maharashtra. It was alleged that during the year 2007, the accused including its Directors in connivance with Shri D.R .Deshpande, then AGM, Bank of Maharashtra had obtained Cash Credit limit of Rs.2.10 Crore against hypothecation of inventory & receivables and LC-Inland/Import limit of Rs.5.40 Crore from Bank of Maharashtra, Bandra(E)Branch, Mumbai through fraudulent means & on forged documents. Thus, the accused cheated the bank to the tune of Rs.2,69,08,482/- plus unapplied interest amounting to Rs.1,04,25,069/-.
After investigation, a Charge sheet was filed against the accused. The Trial Court found the said accused guilty and convicted them.

Crime

Mumbai Professor Seeks Anticipatory Bail After Molestation Case, Claims Mental Illness And Attempt To Tarnish Image

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Mumbai: A guest professor, booked for molesting female students at the annual function of St. Xavier’s College in south Mumbai, has approached the sessions court for an anticipatory bail, claiming he is suffering from a mental ailment and the case had been lodged to ruin his image. The court has reserved the plea for order next week.

As per the FIR lodged with the Azad Maidan police station, the professor was invited at an event of National Hindi Parishad, held on November 24, wherein he allegedly sexually harassed nine students and one retired teacher. It is claimed that he exhibited obscenity during the festival.

While seeking protection from the arrest, the professor has claimed he is suffering from depression and other health issues, and has on several occasion attempted to commit suicide. He claimed he is currently admitted in the hospital due to his mental ailment. The professor claimed he is ready to appear before the officer through video conferencing after he is discharged from the hospital.

The plea was opposed by the prosecution on the ground that from the statements taken from the victim women, the accused appears to be of “a perverted nature”, and the possibility of him behaving indecently with other women cannot be ruled out. The police have also raised an apprehension of communal tension as the accused and the victims are of different religions.

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Maharashtra

Mumbai: Accused wanted in Kurla Methi River irregularities arrested, accused of cheating crores of rupees and creating fake AMU

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Mumbai: Economic Wing AOW has claimed to have arrested the wanted accused and contractor in the case of Mithi Nadi cleanliness and irregularities. The AOW has arrested the absconding wanted Sunil Shyam Narayan SM Infrastructure, Mahesh Madhav Rao Purohit. During the investigation of the Mithi Nadi contract and irregularities worth crores of rupees, the police had registered a case. Earlier, three accused were arrested. According to the EOW, from 2013 to 2023, fake MAUs were prepared and bills worth crores of rupees were approved in collusion with BMC officers. A proposal to purchase a machine to remove garbage from 2021 to 2024 was also approved and under the guise of the same, a fraud of crores of rupees was committed for cleaning the garbage. In this case, the police have arrested the accused agents Ketan Kadam, Jay Joshi and Mithi Nadi contractor Sher Singh Rathore. By preparing fake documents, the accused also prepared fake AMUs and also signed fake signatures. The accused were produced in court and remanded in custody until December 16.

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Maharashtra

ED, ATS Conduct Raids Across Maharashtra & Delhi Over Suspected Terror-Funding

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Mumbai: The Enforcement Directorate (ED) on Thursday carried out a coordinated search operation in Borivali village near Padgha in Thane district, with assistance from the Maharashtra Anti-Terrorism Squad (ATS), officials said.

The operation, which began in the early hours of Thursday, extended to multiple residential premises as ED officials probed suspected terror funding and related financial transactions. ATS personnel provided on-ground support to coordinate the ED searches.

According to ED officials, the searches were conducted at nearly 40 locations across Maharashtra including Padgha, Pune, and Malegaon as well as in Delhi. The searches are linked to suspected financial transactions associated with terror-related activities.

The ED had recently registered an ECIR linked to the NIA’s ISIS terror module case involving Saquib Nachan, as well as the Pune ISIS module case. While ATS is simultaneously investigating the same modules, it is assisting the ED by sharing intelligence, leads, and field updates, helping ensure that the ongoing search operations are thorough, coordinated, and synchronised.

Officials said the operation is ongoing, with teams continuing to probe the suspected financial networks connected to the terror modules.

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