S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
261
21-MAR-2017
STATE BANK OF INDIA
J.RAJAGOPLAN
G.P.RADHAKRISHNAN
CBI
FACILITATED IN OPENING A CURRENT ACCOUNT IN THE NAME OF NON EXISTING FIRM AND ACCEPTED 19 FORGED CHEQUES PURPORTED TO HAVE BEEN ISSUED BY UCO BANK AND CREDITED INTO ACCOUNT OF ACCUSED AND ALLOWED THEM TO WITHDRAW THE SAME THEREBY CAUSING A LOSS OF RS.1.08 CRORES (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
262
01-MAR-2017
PUNJAB NATIONAL BANK
K.Y.SUBRAMANIAN
CBI
SANCTIONED VARIOUS FACILITIES VIZ. TERM LOAN, CREDIT FACILITIES, BILL DISCOUNTING ETC. TO PRIVATE FIRMS BASED ON FORGED & FAKE DOCUMENTS SUBMITTED AS COLLATERAL SECURITY THEREBY CAUSING A LOSS OF RS.3.34 CRORES (APPROX) TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR TWO YEARS
263
23-FEB-2017
BHARTIYA VEHICLE & ENGINEERING CO.
N.K.BHARTIYA
CBI
INDULGED IN GETTING UNDUE PECUNIARY GAIN AND CORRESPONDING LOSS TO GOVT. IN PURCHASE OF CRASH FIRE TENDERS WORTH RS.17.47 CRORES (APPROX.)
RIGOROUS IMPRISONMENT FOR ONE YEAR
264
23-FEB-2017
NATIONAL AIRPORT AUTHORITY
P.RAJENDARAN
M.K.GANESHAN
CBI
INDULGED IN GETTING UNDUE PECUNIARY GAIN AND CORRESPONDING LOSS TO GOVT. IN PURCHASE OF CRASH FIRE TENDERS WORTH RS.17.47 CRORES (APPROX.)
RIGOROUS IMPRISONMENT FOR TWO YEARS
265
17-FEB-2017
STATE BANK OF INDIA
B.V.V.S.N.MURTHY
CBI
SANCTIONED AND RELEASED PERSONAL LOANS OF RS.106.53 LACS (APPROX) TO AROUND 208 FICTITIOUS & NON-GENUINE BORROWERS ON THE BASIS OF FABRICATED & FORGED SALARY CERTIFICATE, EMPLOYMENT CERTIFICATE AND NOC’S ETC. THEREBY CAUSING A LOSS TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
266
03-FEB-2017
NATIONAL INSURANCE CO.LTD.,THE
SANJEEVKUMAR AMARNATH DHAR
SULTANA SAMAD SHEIKH
SUBHANGI SADASHIV SRIPAD
ABDUL SAMAD SHEIKH
OMPRAKASH GROVER
CBI
FRAUDULENTLY CLAIMED AGENCY COMMISSION OF RS.36.30 LACS (APPROX) ON A DIRECT PREMIUM POLICY TAKEN BY MAHARASHTRA STATE ELECTRICITY BOARD STAFF WELFARE FUND COMMITTEE AGAINST WHICH ABDUL SAMAD SHEIKH RECEIVED AN AMOUNT OF RS.32.31 LACS THEREBY CAUSING A LOSS TO NATIONAL INSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR THREE YEARS
267
31-JAN-2017
YUVA CONSTRUCTIONS, ENGINEERING & CONSULTANT
ABHISHEK SINGH GAUR
CBI
PASSED FORGED/FALSE BILLS SUBMITTED BY PRIVATE PERSON WITHOUT SUPPLYING PLANTS, POTS, MANURE AND BLACK COTTON SOIL AT SECURITY PAPER MILL AND DID NOT CARRY OUT WORK OF ROCKERIES & LANDSCAPING AT VARIOUS SITES OF CPWD AT BHOPAL THEREBY CAUSING A LOSS OF RS.8.22 LACS (APPROX.) TO CENTRAL PUBLIC WORK DEPARTMENT (CPWD)
RIGOROUS IMPRISONMENT FOR THREE YEARS
268
06-JAN-2017
FIFA BUILDERS PVT.LTD.
C.A.NAZAR
CBI
TOOK LOANS IN THE NAME OF DIFFERENT PERSONS BY USING FORGED DOCUMENTS THEREBY CAUSING A LOSS OF RS.27.09 LACS (APPROX.) TO LIC HOUSING FINANCE LTD.
RIGOROUS IMPRISONMENT FOR THREE YEARS
269
06-JAN-2017
FIFA TOWERS
C.A.NAZAR
CBI
TOOK LOANS IN THE NAME OF DIFFERENT PERSONS BY USING FORGED DOCUMENTS THEREBY CAUSING A LOSS OF RS.27.09 LACS (APPROX.) TO LIC HOUSING FINANCE LTD.
RIGOROUS IMPRISONMENT FOR THREE YEARS
270
26-DEC-2016
STATE BANK OF INDIA
S.SUDALAYANDI
CBI
OPENED CURRENT ACCOUNT IN FICTITIOUS NAME AND DEPOSITED 46 FORGED CHEQUES PURPORTED TO HAVE BEEN RECEIVED FROM UCO BANK, INDIAN BANK AND CANARA BANK FOR CREDITING, FURTHER FRAUDELENTLY REMOVED FORGED CHEQUE FROM TAPAL, PREPARED FORGED PAYMENT ADVICES AND PUT UP TO BANK OFFICIAL FOR PAYMENT THEREBY CAUSING A LOSS OF RS.1,98,81,000.00 (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
271
06-DEC-2016
ASHAPURA GARMENTS LTD.
BHARAT CHATURBHUJ VEDANT
SANDEEP RAMESHKUMAR VEDANT
CBI
INDULGED IN RELEASE OF FUNDS AGAINST VARIOUS CREDIT FACILITIES AND CORRESPONDING ILLEGAL GAINS TO THREE FIRMS OF MR.BHARAT C.VEDANT ON THE BASIS OF FAKE DOCUMENTS AS SECURITIES THEREBY CAUSING A LOSS OF RS.9.62 CRORES (APPROX.) TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
272
06-DEC-2016
CENTRAL BANK OF INDIA
DIPENDRA NANUBHAI UPADHYAY
CBI
INDULGED IN RELEASE OF FUNDS AGAINST VARIOUS CREDIT FACILITIES AND CORRESPONDING ILLEGAL GAINS TO THREE FIRMS OF MR.BHARAT C.VEDANT ON THE BASIS OF FAKE DOCUMENTS AS SECURITIES THEREBY CAUSING A LOSS OF RS.9.62 CRORES (APPROX.) TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
273
25-NOV-2016
PUNJAB NATIONAL BANK
DEEPAK KUMAR KOHLI
CBI
SANCTIONED VARIOUS HOUSING LOANS ON THE STRENGTH OF BOGUS DOCUMENTS WITHOUT OBSERVING PROPER PROCEDURE THEREBY CAUSING A LOSS OF RS.25.06 LACS (APPROX.) TO PUNJAB NATIONAL BANK
SIMPLE IMPRISONMENT FOR THREE YEARS
274
25-NOV-2016
PUNJAB NATIONAL BANK
HASMUKH R.GANDHI
CBI
SANCTIONED VARIOUS HOUSING LOANS ON THE STRENGTH OF BOGUS DOCUMENTS WITHOUT OBSERVING PROPER PROCEDURE THEREBY CAUSING A LOSS OF RS.25.06 LACS (APPROX.) TO PUNJAB NATIONAL BANK
SIMPLE IMPRISONMENT FOR TWENTY MONTHS
275
10-NOV-2016
UNION BANK OF INDIA
A.P.VARGHESE
CBI
ISSUED PAY ORDERS IN FICTITIOUS NAMES TO THE TUNE OF RS.4,17,400.00 BY DEBITING WRITTEN OFF ACCOUNTS OF SEVERAL CUSTOMERS AND FRAUDULENTLY CREATED & USED FORGED BANK RECORDS AS GENUINE, AMOUNTS WERE CREDITED TO THE ACCOUNT OF ACCUSED AND WITHDREW
RIGOROUS IMPRISONMENT FOR TWO YEARS
276
09-SEP-2016
PUNJAB NATIONAL BANK
ASHOK LUTHRA
R.S.SHARMA
D.K.PARASAR
CBI
INDULGED IN SANCTION OF BANK LOAN & CREDIT FACILITIES TO V.V.INDUSTRIES TO PURCHASE MACHINERY ETC. ON THE BASIS OF FALSE & FORGED DOCUMENTS THEREBY CAUSING A LOSS OF RS.14 LACS (APPROX.) TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR ONE YEAR
277
08-SEP-2016
ANDHRA BANK
A.E.DEVANDRANATH
CBI
ALLOWED VARIOUS PACKING CREDIT FACILITIES TO J.J.FASHION STUDIO PVT.LTD. , ACCEPTED FOREIGN EXPORT BILLS AND GAVE CREDIT FACILITIES TO COMPANY WITHOUT WAITING FOR REALIZATION OF BILLS & WITHOUT OBTAINING REQUIRED INFORMATION. DID NOT CONDUCT PERIODICAL INSPECTION AND ACCEPTED FALSE & INFLATED STOCK STATEMENTS AND ALSO ALLOWED PACKING CREDIT AGAINST FAX COPIES OF THE ORDER IN THE NAME OF SISTER CONCERN THEREBY CAUSING A LOSS OF RS.1.44 CRORE (APPROX.) TO ANDHRA BANK
RIGOROUS IMPRISONMENT FOR FOUR YEARS
278
08-SEP-2016
ANDHRA BANK
A.E.DEVANDRANATH
CBI
ALLOWED VARIOUS PACKING CREDIT FACILITIES TO J.J.FASHION STUDIO PVT.LTD. , ACCEPTED FOREIGN EXPORT BILLS AND GAVE CREDIT FACILITIES TO COMPANY WITHOUT WAITING FOR REALIZATION OF BILLS & WITHOUT OBTAINING REQUIRED INFORMATION. DID NOT CONDUCT PERIODICAL INSPECTION AND ACCEPTED FALSE & INFLATED STOCK STATEMENTS AND ALSO ALLOWED PACKING CREDIT AGAINST FAX COPIES OF THE ORDER IN THE NAME OF SISTER CONCERN THEREBY CAUSING A LOSS OF RS.1.44 CRORE (APPROX.) TO ANDHRA BANK
RIGOROUS IMPRISONMENT FOR TWO YEARS
279
08-SEP-2016
J.J.FASHION STUDIO PVT.LTD.
F.DON BOSCO
CBI
ALLOWED VARIOUS PACKING CREDIT FACILITIES TO J.J.FASHION STUDIO PVT.LTD. , ACCEPTED FOREIGN EXPORT BILLS AND GAVE CREDIT FACILITIES TO COMPANY WITHOUT WAITING FOR REALIZATION OF BILLS & WITHOUT OBTAINING REQUIRED INFORMATION. DID NOT CONDUCT PERIODICAL INSPECTION AND ACCEPTED FALSE & INFLATED STOCK STATEMENTS AND ALSO ALLOWED PACKING CREDIT AGAINST FAX COPIES OF THE ORDER IN THE NAME OF SISTER CONCERN THEREBY CAUSING A LOSS OF RS.1.44 CRORE (APPROX.) TO ANDHRA BANK
RIGOROUS IMPRISONMENT FOR FOUR YEARS
280
29-AUG-2016
UCO BANK
VINAYAK NARAIN DEOSTHALI
SUNIL GORAWARA
CBI
INDULGED IN INVESTMENT OF SURPLUS FUNDS OF IFFCO AT LOWER RATE OF INTEREST CAUSING LOSS OF RS.15 LACS AND OUT OF TOTAL AMOUNT OF INVESTMENT, A TRANCHE OF RS.4.00 CRORES (APPROX.) FRADULENTLY DIVERTED TO PERSONAL ACCOUNT OF ACCUSED HARSHAD MEHTA, CAUSED A LOSS OF RS.4 CRORES TO GOVERNMENT EXCHEQUER
SIMPLE IMPRISONMENT FOR SEVEN 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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