cbi

Akela

THE Central Bureau of Investigation (CBI) has arrested an Additional General Manager, Ordnance Factory, Ambernath, District Thane (Maharashtra) for demanding & accepting a bribe of Rs. 20,000 from the complainant.

CBI had registered a case U/s 7 of Prevention of Corruption Act, 1988 on the allegations that the Additional General Manager, Ordnance Factory demanded a bribe of Rs.25,000 for passing the bills of a private labour Contractor’s firm at Thane (Maharashtra). CBI laid a trap and caught the accused red handed while demanding and accepting a bribe of Rs.20, 000 as first installment from the complainant.

Searches have been conducted in the office and residence premises of the accused which led to recovery of incriminating documents relating to the case and investments in various movable and immovable properties.

The arrested accused is being produced today before the Special Judge, Kalyan (Maharashtra).

CBI arrests MD of Bhopal based firm

The Central Bureau of Investigation has arrested then Managing Director of Bhopal based private firm who was absconding in a case relating to alleged loss of Rs.3.63 crores to State Bank of Indore.

According to CBI spokesperson, a case was registered on March 11, 2005 against Senior Manager, State Bank of Indore, MP Nagar Branch, Bhopal (Madhya Pradesh) and others on the allegations that he in criminal conspiracy with Managing Director of a private firm based at Govindpura, Bhopal, dishonestly and fraudulently obtained credit facilities amounting to Rs. 3,63,42,000 on the basis of fake collateral securities during the year 2003-2004, from State Bank of Indore, MP Nagar Branch, Bhopal. During investigation of case, then Managing Director of said firm was arrested and remained in 90 days Judicial Custody till August 17, 2005.

After completion of investigation, Charge sheet was filed in the Court of Special Judicial Magistrate, Indore on August 4, 2007 against five persons, including then Managing Director of said firm under sections 120-B r/w 419, 420, 467, 468 and 471 of IPC.

On February 13, 2013, then Managing Director did not appear in the Trial Court and evading trial since then. The Trial Court issued Non Bailable Warrant (NBW) against him. As a result of the painstaking efforts, CBI traced the absconding accused and arrested him.

The arrested accused was produced before the Special Judicial Magistrate, Indore and remanded to Judicial Custody till March 28, 2015.

Four years rigorous imprisonment to then director of Hindustan Aeronautics, Bangalore 

THE Special Judge for Central Bureau of Investigation (CBI) Cases, Chennai has convicted Avatar Krishan Zutshi, then Director (Finance), Hindustan Aeronautics Ltd., Bangalore and his mediator N. P. Manikandan, then General Manager of M/s PCS Industries Ltd., Bangalore and sentenced them to undergo four years Rigorous Imprisonment with fine of Rs. 50,000 each in a bribery case.

According to CBI spokesperson, CBI had registered a case on a complaint of Junior Technical Officer, CBI, Chennai on February 25, 2004 alleging that he was offered bribe by N.P. Manikandan, General Manager of M/s PCS Industries Ltd., Bangalore for giving favourable report on A. K. Zutshi, Director, HAL Ltd., Bangalore against whom a disproportionate assets case was under investigation in CBI and in which the complainant was rendering technical assistance. After registration of the case, CBI laid a trap. Manikandan was caught red handed when he handed over Rs.50,000 and a Nokia 2300 model mobile phone with SIM card to the complainant. A charge sheet was filed before Special Judge for CBI Cases, Chennai against the accused persons under Section 120-B of IPC r/w section 12 of Prevention of Corruption Act, 1988 and substansive offences under section 12 PC Act r/w 34 IPC.

The trial court found the accused persons Manikandan and Avatar Krishan Zutshi guilty and convicted them. Another person (son of A.K. Zutshi) was acquitted from the case.

CBI registers FIR against director of a telecom Company

THE Central Bureau of Investigation (CBI) has registered a case against a Director and his Ahmedabad based private telecom company and other unknown directors of the said company on the basis of a joint complaint received from State Bank of India, Vijaya Bank and Canara Bank. It is alleged that the private company was availing consortium facilities. The consortium members were SBI, Vijaya Bank and Canara Bank.

According to CBI spokesperson, the Director of the said company allegedly expressed urgency for releasing the funds and got it released, pending execution of individual documents. After the release, he requested time upto August 3, 2013 and thereafter allegedly disappeared from India. The verification done by the bank on the devolved LCs (Letter of Credit) revealed that the beneficiary companies were related and there were no genuine underlying transactions under these LCs. Similarly, term loan also was released to an extent of Rs. 86 crore (approximately). The verification of the vendor companies revealed that the Director of the company was also on the board of these companies and the money disbursed was siphoned off without any real purchases. An alleged loss suffered by consortium of banks was Rs. 126.40 crore (approximately).

Searches are being conducted in six places ( two residences and four offices) at Ahmedabad, Gandhinagar and Vadej (Gujarat). Further investigation is continuing.

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