Mumbai

CBI books 3 firms, 18 persons in Rs 136 cr SBI frauds


Mumbai, Jul 11 (IANS): The CBI on Tuesday registered three cases against three companies, certain officials of the State Bank of India (SBI) and others for alleged fraud in the SBI totally worth Rs 136.93 crore, an official said here.

The cases followed searches conducted at 17 places in Mumbai, Raigad, Malegaon, and Amravati, including the office and residential premises of the accused and recovery of incriminating documents and other materials.

The first case pertains to alleged fraud of Rs 56.81 crore committed on the SBI, the second for Rs 49.99 crore and the third involves a sum of Rs 30.13 crore.

The CBI said that the three private companies enjoyed bill discounting facilities against the Letters of Credit issued by SBI, D. N. Road Branch and PM Road Branch, Fort here.

However, these bills were returned unpaid by the banks concerned, since it was observed that there were instances of diversion of funds and misrepresentations by the companies.

"The SBI's internal enquiry also revealed irregularities such as raising multiple invoices, false lorry receipts showing incorrect vehicle registration numbers and vehicles other then heavy goods transport vehicles being shown as means of transportation," a CBI statement said.

In the first case the accused are: Top Worth Pipes and Tubes Pvt. Ltd (TPTPL) and its directors Abhay Narendra Lodha, Shishir Shivaji Hiray, Harshraj Shantilal Bagmar, Thyagaraju Inamanamelluri, a former AGM with SBI, Vilas Narhar Ahirrao, ex-Deputy Manager, SBI, Madhura Mangesh Sawant, the then Deputy Manager (Bills), SBI and other unknown public servants/private persons.

In the second case, the CBI named Maheep Marketing Pvt Ltd (MMPL), its directors Gajendra Sandim, Hemant Sanghvi, as well as Inamanamelluri, Ahirrao, Sawant and other unknown persons/officials.

The third case is filed against Harsh Steel Trade Pvt Ltd (HSTPL), its directors Chetan Jitendra Mehta, Mahadev Ramchandra Shringare, Jagdish Kulkarni, the then SBI AGM, Sadanand Girkar, the then Deputy Manager, SBI and others.


Comment on this article

  • Ahmed, Mangalore

    Wed, Jul 11 2018

    SINCE EXPERIENCED BANK OFFICIALS ARE INVOLVED IN ALL THE FRAUDS IN THE NATIONALIZED BANKS. I WOULD SUGGEST MODIJI TO REMOVE ALL THE PRESENTLY WORKING OFFICILS GRADEWISE AND INDUCT UNEMPLOYED YOUTH, BY ORDINANCE. BESIDES MERGING 4 BANKS TO ONE MODI INTERNATIONAL BANK.

    DisAgree Agree [2] Reply Report Abuse

  • Lionel Dsouza, Mangalore

    Wed, Jul 11 2018

    CBI AS BOOKED NOT PUNISHED.....NOTHING WILL HAPPEN TO THEM TILL BJP IN POWER....IN EXTREME SCENERIO MODI WILL HELP THEM TO RUN AWAY IN HIS OWN TRAVEL FLIGHT....I BET YOU NONE OF THEM WILL BE PUNISHED.....GIANTS HAVE ALREADY GONE....THESE RATS ARE NOW REMAINING.....

    DisAgree [2] Agree [2] Reply Report Abuse

  • rao, puttur

    Wed, Jul 11 2018

    The crooks were thinking it is going to be easy like MMS rule. No, it is Modi rule.

    DisAgree [12] Agree [7] Reply Report Abuse

  • nagesh nayak, bangalore

    Wed, Jul 11 2018

    KOTI KOTI PRANAAM SREEMAN NARENDRA MODIJI FOR THIS OPEN WAR AGAINST CORRUPTION.

    FIRST TIME IN INDEPENDENT INDIA ALL THE GOVERNMENT AGENCIES ARE WORKING TOWARDS CORRUPTION FREE INDIA.

    THIS IS A MAJOR ECONOMIC DEVELOPMENT SINCE 2014.

    SREEMAN NARENDRA MODIJI AAYE, KUSHIYONKA BAHAAR AAYA

    JAI HO HINDUSTAN.

    DisAgree [13] Agree [7] Reply Report Abuse

  • Jacob Mendonsa, Bangalore

    Wed, Jul 11 2018

    Nagesh Koti Koti Pranam!
    Don't U think that this amount is much much lesser than the foreign tours & Advertising & publicity! expenditure.
    And it seems that the third firm is belonging to one Gujju

    DisAgree [1] Agree [4] Reply Report Abuse

  • Rathan, Mangalore

    Wed, Jul 11 2018

    Jacob
    It clearly shows even "gujju" company r not spared when taking action against defaulters

    DisAgree [3] Agree [3] Reply Report Abuse

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Title : CBI books 3 firms, 18 persons in Rs 136 cr SBI frauds


 
 
 
 

 
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