The Special Judge, CBI cases Jodhpur (Rajasthan) has sentenced Sh. S. K. Soni, then Project Manager, National Highway Authority of India (NHAI), Chittorgarh (Rajasthan) to undergo six years Rigorous Imprisonment with fine of Rs. 50,000/- in a bribery case.
CBI had registered a case on 29.04.2013 against Sh. S. K. Soni, Project Manager, National Highway Authority of India (NHAI), Chittorgarh U/s 7 of PC Act, 1988 on the allegations of demanding bribe of Rs. 3,49,000/- from the Complainant as a consideration for releasing payment of Rs. 30,46,854/- of Complainant. CBI laid a trap and the accused was caught red handed while accepting bribe of Rs. three lakh from the Complainant. A chargesheet was filed in the court of Special Judge, CBI cases, Jodhpur on 28.06.2013 against the accused U/s 7, 11 and 13(2) r/w 13(1)(a) & (d) of PC Act, 1988.
In second case, the Special Judge, CBI cases, Bhopal has sentenced Sh. Sitaram Raikwar, then Branch Manager, Punjab National Bank, Amla Railway Station Branch, District Betual (Madhya Pradesh) to undergo three years RI with fine of Rs. 10,000/-; Sh. Suku Yadav (private person) to undergo two years RI with fine of Rs. 5000/- and Sh. Lakhu Patahe (private person) to undergo two years RI with fine of Rs. 5000/-.
CBI had registered a case U/s 120-B of IPC and Section 7 & 8 of PC Act, 1988 on 02.05.2012 on a complaint against Sh. Sitaram Raikwar, Branch Manager, PNB, Amla Railway Station Branch, District Betual and Sh. Suku Yadav & Sh. Lakhu Patathe (both private persons). It was alleged that Sh. Sitaram Raikwar, Branch Manager of PNB had demanded a bribe of Rs. 22000/- through the private persons Lakhu Patahe & Suku Yadav for sanctioning the joint loan of Rs.Two lakh in the name of Complainant and his mother under KCC Scheme. CBI laid a trap on 02.05.2012 wherein Sh. Suku Yadav was caught red handed while accepting the bribe of Rs.19,200/- from Complainant on behalf of Sh. Sitaram Raikwar. He was also caught by CBI while accepting the same bribe money from Suku Yadav.
After completion of investigation, a chargesheet U/s 120-B of IPC and Section 7 & 8 & 13(2) r/w 13(1)(d) of PC Act, 1988 was filed against the three accused persons on 31.08.2012 in the Court of Special Judge for CBI Cases, Bhopal.
In third case, the Special Judge for CBI Cases, Bangalore has convicted Sh. G. Chandru, then UDC cum Cashier, ESIC, Branch Office, Tumkur (Karnataka) and sentenced him to undergo four years Rigorous Imprisonment with fine of Rs. 25,000/- each for the offences punishable U/s 7 & 13(2) r/w 13(1)(d) of PC Act, 1988.
It was alleged that the accused had demanded bribe of Rs. 2,000/- from one of the beneficiaries who had met with an accident resulting in amputation of his 3 fingers of his right hand and was also covered under ESIC Insurance Scheme. A trap was initially laid on 19.05.2014 by Karnataka Lokayukta on receipt of a complaint and the case was transferred to CBI, since Sh. G. Chandru was a Central Government Employee. Subsequently, a case was registered by CBI on 12.08.2014 U/s 7 & 13(2) r/w 13(1)(d) of PC Act, 1988. After investigation, a chargesheet was filed on 28.010.2014 before the Special Judge for CBI Cases, Bangalore.
The Trial Court found the accused persons guilty and convicted them.
Former Indian Bank's CMD sentenced to undergo rigorous imprisonment
On completion of trial, M Gopalakrishnan and Sai Jagannathan were convicted and sentenced to three years of rigorous imprisonment
Business Standard 2nd July 2016
The Central Bureau of investigation, Chennai, registered and investigated cases against Gopalakrishnan, the then officials of Indian Bank, namely N Kumarasamy, Credit Monitoring Officer of Zonal Office, V N Balakrishnann Regional Manager (South), Srinivasa Raghavan, Sr Manager (Credit), Regional Office, A R Arunachalam, Chief Manager, Nandanam Branch, P Vasantha Rajan and S Jayaraman, Chief Managers, Saidapet Branch, Solaiappan, (Approver), Zonal Manager, Chennai M Varadarajulu @ M V Raja, Principal Advisor of all companies under the MVR group, Venky Raman (Approver), CMD of Anderson Industries International Ltd, V Krishna Kumar, G Sambasivam, C S Usha Devi, Directors of Anderson Industries International Ltd, K Sai Jagannathan, Director of Sathyam Chemicals Pvt Ltd, Anderson Industries International Ltd and Sathyam Chemicals Pvt Ltd.
Public sector banks not doing well, says CMD of Central Bank of India-Hindu Business Line- 2nd July 2016
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The bank incurred bad debt of Rs.26,000 crore and a loss of Rs.1,420 crore’
Chairman and managing director of Central Bank of India Rajeev Rishi has regretted that the public sector banks are not doing well on the performance index as it has become increasingly difficult for them to recover bad debts that are incurred on account of Non Performing Assets (NPA).
It is not just Central Bank but other institutions, including the Bank of Baroda, and the Punjab National Bank, that have incurred huge losses on account of NPAs, he told a national conference of Central Bank Officers Association here on Sunday.
He said the Central Bank had incurred bad debts of Rs.26,000 crore and a loss of Rs. 1,420 crore.
“If our employees make Rs. 3,000 crore cash recovery from NPAs, the bank can survive,” he said. He asked employees to mobilise more operating profits from current and savings accounts.
Public sector banking is the only way forward for nation’s progress, opined Mr. Rishi.
CBI registers fraud case against former GM of bank, 4 others-
Business Standard 2nd July 2016
The CBI today registered a case of fraud against five persons including three senior former bank employees for causing a loss of Rs 38 crore to Union Bank of India.
The case was registered on the basis of a complaint from the bank on the allegations of defrauding it during 2007 to 2012.
The accused have been identified as Y P Gupta, then General Manager, Pune, S G S Pawar, then Deputy General Manager, Nagpur and S B Vishwesra, former Assistant General Manager, Gokulpeth Branch, Nagpur, all working in Union Bank of India, CBI officials said today.
Besides, the case of criminal breach of trust and cheating has been registered against Y S S Raju and his wife-- Y Suvarchala--Directors of a Nagpur-based private company-- Leela Ventures India Pvt Ltd, they claimed.
"It was further alleged that the cash credit limit and terms loan were sanctioned by the bank officers to private company and the said company diverted the funds to its sister concern.
"The company also did not submit bills of suppliers to the bank and mortgaged the property which was already acquired by the government. The collateral security was also not adequate and the said company & its directors did not repay the funds to the bank. An alleged loss to the tune of Rs 38 crores (approx) was caused to bank," a press release issued by the CBI said.
Searches were conducted at the premises of accused at Pune, Mysore and Nagpur which led to recovery of certain documents, it said.
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Usually the AGM DGM and GMs have punished junior officers all these years though these loans were processed and sanctioned at the instance of the above top fellows. Now for a change Justice is happening though only in very few cases.
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