S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
201
12-APR-2019
KARNATAKA VIKASA GRAMEENA BANK
S.D.DESHPANDE
CBI
ENGAGED IN CRIMINAL CONSPIRACY IN SETTLING EIGHT MOTOR VEHICLE CLAIMS ON BEHALF OF EIGHT FICTITIOUS CLAIMANTS BY SUBMITTING FALSE MEDICAL CERTIFICATES WITHOUT CAUSING MANDATORY PHYSICAL INSPECTION OF ACCIDENT VEHICLE AT ACCIDENT SPOT AND SETTLED THE CLAIMS THEREBY CAUSING A LOSS OF RS.68.74 LACS (APPROX.) TO NEW INDIA ASSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR THREE YEARS
202
12-APR-2019
SHANTHA NURSING HOME
RAJKUMAR B.KOPP
CBI
ENGAGED IN CRIMINAL CONSPIRACY IN SETTLING EIGHT MOTOR VEHICLE CLAIMS ON BEHALF OF EIGHT FICTITIOUS CLAIMANTS BY SUBMITTING FALSE MEDICAL CERTIFICATES WITHOUT CAUSING MANDATORY PHYSICAL INSPECTION OF ACCIDENT VEHICLE AT ACCIDENT SPOT AND SETTLED THE CLAIMS THEREBY CAUSING A LOSS OF RS.68.74 LACS (APPROX.) TO NEW INDIA ASSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR THREE YEARS
203
08-FEB-2019
CICON ENVIRONMENT TECHNOLOGIES LTD.
NITIN BHAND
SUHAS BHAND
CBI
INDULGED IN ISSUANCE OF TWO BANK GURANTEES OF RS.1.5 CRORES ON BASIS OF FORGED DOCUMENTS IN FAVOUR OF BHASKAR FISCAL & INFRASTRUCTURES LTD. AND INDO-WIND ENERGY LTD. ON BEHLAF OF CICON ENVIRONMENT TECHNOLOGIES LTD. WHICH WERE SUBSEQUENTLY INVOKED CAUSING A LOSS TO DENA BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
204
08-FEB-2019
DENA BANK
R.C.KORI
SANJAY MATHUR
CBI
INDULGED IN ISSUANCE OF TWO BANK GURANTEES OF RS.1.5 CRORES ON BASIS OF FORGED DOCUMENTS IN FAVOUR OF BHASKAR FISCAL & INFRASTRUCTURES LTD. AND INDO-WIND ENERGY LTD. ON BEHLAF OF CICON ENVIRONMENT TECHNOLOGIES LTD. WHICH WERE SUBSEQUENTLY INVOKED CAUSING A LOSS TO DENA BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
205
21-JAN-2019
CENTRAL BANK OF INDIA
VASANT PAWASE
K.K.CHOURASIA
CBI
PROCESSED, SANCTIONED & DISBURSED HOUSING LOANS OF RS.122.48 LACS TO 13 INDIVIDUALS WITHOUT VERIFYING CREDENTIALS & CONSTRUCTION WORK OF THE PROPOSED HOUSE AND ALLOWED SIPHONING OFF FUNDS THEREBY CAUSING A HUGE LOSS TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
206
21-JAN-2019
MAA PITAMBARA CONSTRUCTION
UDAY SINGH THAKUR
CBI
PROCESSED, SANCTIONED & DISBURSED HOUSING LOANS OF RS.122.48 LACS TO 13 INDIVIDUALS WITHOUT VERIFYING CREDENTIALS & CONSTRUCTION WORK OF THE PROPOSED HOUSE AND ALLOWED SIPHONING OFF FUNDS THEREBY CAUSING A HUGE LOSS TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
207
21-JAN-2019
PITAMBARA CONSTRUCTIONS & DEVELOPERS
UDAY SINGH THAKUR
CBI
PROCESSED, SANCTIONED & DISBURSED HOUSING LOANS OF RS.122.48 LACS TO 13 INDIVIDUALS WITHOUT VERIFYING CREDENTIALS & CONSTRUCTION WORK OF THE PROPOSED HOUSE AND ALLOWED SIPHONING OFF FUNDS THEREBY CAUSING A HUGE LOSS TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
208
21-JAN-2019
PITAMBARA INFRASTRUCTURE PVT.LTD.
UDAY SINGH THAKUR
CBI
PROCESSED, SANCTIONED & DISBURSED HOUSING LOANS OF RS.122.48 LACS TO 13 INDIVIDUALS WITHOUT VERIFYING CREDENTIALS & CONSTRUCTION WORK OF THE PROPOSED HOUSE AND ALLOWED SIPHONING OFF FUNDS THEREBY CAUSING A HUGE LOSS TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
209
31-DEC-2018
GAUHATI UNIVERSITY
DIPAK KALITA
RAM GOPAL PRASAD
KUMUD BARMAN
NAGEN CH.SARMA
CBI
MISAPPROPRIATED RS.34,67,816.00 BY FALSELY SHOWING CREDIT TO GAUHATI UNIVERSITY THEREBY CAUSING A LOSS TO GOVT. EXCHEQUER
RIGOROUS IMPRISONMENT FOR FIVE YEARS
210
31-DEC-2018
HINDUSTAN SHIPYARD LTD.
GUJJALA VENKATA RATNAM
CBI
INDULGED IN PURCHASE OF STEEL PLATES FROM A COMPANY IN KOREA AT HIGHER PRICE THEREBY CAUSING A LOSS OF RS.1.40 CRORES (APPROX.) TO GOVT. EXCHEQUER
RIGOROUS IMPRISONMENT FOR TWO YEARS
211
26-DEC-2018
CORPORATION BANK
K.P.KUMAR
CBI
INDULGED IN SACTION OF LOAN WITHOUT SUPPLY OF EQUIPMENTS AND THEREBY CAUSING A LOSS OF RS.1.04 CRORES (APPROX.) TO CORPORATION BANK
RIGOROUS IMPRISONMENT FOR TEN YEARS
212
12-DEC-2018
STATE BANK OF BIKANER & JAIPUR
KRISHNA KUMAR SINGH
K.K.SINGH
CBI
INDULGED IN CREATION OF FAKE SPECIAL TERM DEPOSIT RECEIPT (STDR) ACCOUNTS AND TRANSFERED INTEREST OF SUCH STDRS IN SAVING ACCOUNTS OF CO-ACCUSED THROUGH SOME DORMANT/FAKE ACCOUNTS AND SUBSEQUENTLY SIPHONED OFF THEREBY CAUSING A LOSS OF RS.331.47 LACS (APPROX.) TO STATE BANK OF BIKANER & JAIPUR
RIGOROUS IMPRISONMENT FOR SIX YEARS
213
29-OCT-2018
SATPURA NARMADA KSHETRIYA GRAMIN BANK
SANJAY SEHGAL
CBI
SANCTIONED LOAN IN CONTRAVENTION OF RULES AND BY MISAPPROPRIATING THE STOCK KEPT IN INDIAN WAREHOUSE IN FAVOUR OF BANK THEREBY CAUSING A LOSS OF RS.1.90 CRORES (APPROX.) TO SATPURA NARMADA KSHETRIYA GRAMIN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
214
29-OCT-2018
SHARMA & BROTHERS
VINOD SHARMA
CBI
SANCTIONED LOAN IN CONTRAVENTION OF RULES AND BY MISAPPROPRIATING THE STOCK KEPT IN INDIAN WAREHOUSE IN FAVOUR OF BANK THEREBY CAUSING A LOSS OF RS.1.90 CRORES (APPROX.) TO SATPURA NARMADA KSHETRIYA GRAMIN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
215
12-OCT-2018
STATE BANK OF INDIA
TAPAN KUMAR HAZARIKA
CBI
OPENED FICTITIOUS SB ACCOUNTS IN THE NAME OF DECEASED PENSIONERS & THEIR FAMILY MEMBERS AND FRAUDULENTLY CREDITED UNDUE PENSION IN THOSE ACCOUNTS AND WITHDREW AMOUNT THEREBY CAUSING A LOSS OF RS.95.99 LACS (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
216
28-AUG-2018
STATE BANK OF INDIA
SATNAM SINGH WADHWA
CBI
INDULGED IN SANCTIONING OF HOUSING LOANS ON THE BASIS OF FORGED DOCUMENTS THEREBY CAUSING A LOSS OF RS.5.86 CRORES (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
217
12-JUL-2018
NATIONAL FERTILIZERS LTD.
D.S.KANWAR
C.K.RAMAKRISHNAN
CBI
CHEATED NATIONAL FERTILIZER LTD.TO THE TUNE OF RS.133 CRORES (APPROX.) WITHOUT SUPPLY OF UREA
RIGOROUS IMPRISONMENT FOR THREE YEARS
218
03-JUL-2018
ARTHA TATWA GROUP OF CO.
JAGABANDHU PANDA
CBI
ALLURED DEPOSITORS THROUGH VARIOUS MEANS AND COLLECTED PUBLIC DEPOSIT WITH FALSE PROMISE OF HIGH RARE OF INTEREST & CHEAP FLATS/PLOTS AND INDULGED IN MONEY CIRCULATION SCHEME ILLEGELLY WITHOUT HAVING AUTHORIZATION FROM COMPETENT AUTHORITIES THEREBY CHEATED THE PUBLIC
RIGOROUS IMPRISONMENT FOR FIVE YEARS
219
25-JUN-2018
FIDELITY INDUSTRIES LTD.
CBI
INDULGED IN AVAILING HUGE TEMPORARY OVERDRAFTS & DISCOUNTING OF BILLS THEREBY CAUSING A LOSS OF RS.389.54 LACS TO INDIAN BANK
IMPOSED FINE RS.2,00,000
220
25-JUN-2018
INDIAN BANK
R.H.WHEELER
CBI
INDULGED IN AVAILING HUGE TEMPORARY OVERDRAFTS & DISCOUNTING OF BILLS THEREBY CAUSING A LOSS OF RS.389.54 LACS TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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