S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
281
29-AUG-2016
UCO BANK
KARUNAPATI PANDEY
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 TWO YEARS
282
26-JUL-2016
ANDHRA BANK
YEDLURI JAYA PAUL
CBI
INDULGED IN PROCESSING OF LOAN APPLICATION ON FALSE STOCK STATEMENTS & RECOMMENDED OPEN CASH CREDIT (OCC) LIMIT INSPITE OF OBJECTIONS & ALSO CERTIFIED FINANCIAL SOUNDNESS OF MR.R.G.RAMANA REDDY. FURTHER, SANCTIONED LOAN TO RAASI COTTON CORP. AGAINST COLLATERAL SECURITY OF LAND WHICH WAS OVER VALUED BY MR.K.ANJANEYA PRASAD THEN PANEL ENGINEER AND ALSO ALLOWED TRANSFER OF LOAN ACCOUNT AND ALLOWED WITHDRAWALS BEYOND HIS POWERS AND PRIOR TO RECEIPT OF SANCTION FROM ZONAL OFFICE THEREBY CAUSING A LOSS OF RS.42.84 LACS (APPROX.) TO ANDHRA BANK
SIMPLE IMPRISONMENT FOR FIVE YEARS
283
26-JUL-2016
RAASI COTTON CORP.
R.G.RAMANA REDDY
CBI
INDULGED IN PROCESSING OF LOAN APPLICATION ON FALSE STOCK STATEMENTS & RECOMMENDED OPEN CASH CREDIT (OCC) LIMIT INSPITE OF OBJECTIONS & ALSO CERTIFIED FINANCIAL SOUNDNESS OF MR.R.G.RAMANA REDDY. FURTHER, SANCTIONED LOAN TO RAASI COTTON CORP. AGAINST COLLATERAL SECURITY OF LAND WHICH WAS OVER VALUED BY MR.K.ANJANEYA PRASAD THEN PANEL ENGINEER AND ALSO ALLOWED TRANSFER OF LOAN ACCOUNT AND ALLOWED WITHDRAWALS BEYOND HIS POWERS AND PRIOR TO RECEIPT OF SANCTION FROM ZONAL OFFICE THEREBY CAUSING A LOSS OF RS.42.84 LACS (APPROX.) TO ANDHRA BANK
SIMPLE IMPRISONMENT FOR FIVE YEARS
284
14-JUL-2016
STATE BANK OF SAURASHTRA
K.K.MISHRA
CBI
INDULGED IN ISSUANCE OF A FAKE BANK GURANTEE FOR RS.2.75 CRORES ON BEHALF OF STATE BANK OF SAURASHTRA FOR DISCOUNTING A BILL OF EXCHANGE OF RS.60 LACS
SIMPLE IMPRISONMENT FOR FIVE YEARS
285
10-JUN-2016
MAHALINGA SHETTY & CO.LTD.
ASHOK SHETTY
CBI
FAVOURED PRIVATE COMPANIES FOR NON-RECOVERY OF HIRE CHARGES OF DUMPERS PROVIDED TO THE COMPANIES FOR EXECUTION OF THE PROJECT AND ALSO REVISED THE RATES UP TO 15% ON BALANCE WORK TO BE EXECUTED THEREBY CAUSING A LOSS OF RS.40.00 LACS (APPROX.) TO GOVERNMENT EXCHEQUER
RIGOROUS IMPRISONMENT FOR TWO YEARS
286
10-JUN-2016
ROYAL CONSTRUCTION CO.LTD.
MOOL CHAND JAIN
CBI
FAVOURED PRIVATE COMPANIES FOR NON-RECOVERY OF HIRE CHARGES OF DUMPERS PROVIDED TO THE COMPANIES FOR EXECUTION OF THE PROJECT AND ALSO REVISED THE RATES UP TO 15% ON BALANCE WORK TO BE EXECUTED THEREBY CAUSING A LOSS OF RS.40.00 LACS (APPROX.) TO GOVERNMENT EXCHEQUER
RIGOROUS IMPRISONMENT FOR TWO YEARS
287
03-JUN-2016
PUNJAB NATIONAL BANK
M.CHENNA REDDY
CBI
INDULGED IN CRIMINAL CONSPIRACY WITH UNKNOWN PERSONS AND STOLEN FOUR DD BOOKS CONTAINING 25 LEAVES EACH FROM PUNJAB NATIONAL BANK AND USED THEM THEREBY CAUSING A LOSS OF RS.8.29 CRORES (APPROX.) TO PUNJAB NAIONAL BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
288
03-JUN-2016
UCO BANK
DIGANTA CHAKRABORTY
CBI
SANCTIONED LOAN DURING 14/06/2000 TO 19/04/2005 VIOLATING RULES & NORMS OF BANK THEREBY CAUSING A LOSS OF RS.399.52 LACS (APPROX.) TO UCO BANK
SIMPLE IMPRISONMENT FOR FOUR YEARS
289
01-JUN-2016
PUNJAB NATIONAL BANK
T.S.RAMANUJAM
K.RAJAGOPALAN
CBI
INDULGED IN PURCHASE OF CHEQUES INDISCRIMINATELY AGAINST THE BANK’S PROCEDURE. OUT OF 69 CHEQUES PURCHASED 44 CHEQUES OF RS.2.34 CRORES (APPROX) WERE NOT SENT FOR COLLECTION AND WENT OUTSTANDING WITHOUT REALIZATION AND AMOUNT WAS CREDITED INTO THE ACCOUNTS OF PRIVATE PERSONS THEREBY CAUSING A LOSS OF RS.2.34 CRERES (APPROX) TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
290
31-MAY-2016
ANANT RESIDENCY
KRISHNA RAO ANANDA RAO
KRISHNASWAMY SRIDHAR
CBI
SANCTIONED LOAN OF RS.30 LACS BY USING FORGED DOCUMENTS AGAINST SECURITY OF FCNR (B) DEPOSIT OF U.S.$ 5.07 LACS OF TWO NRIS WITHOUT THEIR CONSENT THEREBY CAUSING A LOSS OF RS.29,91,350 TO BANK OF MAHARASHTRA
SIMPLE IMPRISONMENT FOR FIVE YEARS
291
31-MAY-2016
BANK OF MAHARASHTRA
GUJJULA VENKATA SHIVA REDDY
CBI
SANCTIONED LOAN OF RS.30 LACS BY USING FORGED DOCUMENTS AGAINST SECURITY OF FCNR (B) DEPOSIT OF U.S.$ 5.07 LACS OF TWO NRIS WITHOUT THEIR CONSENT THEREBY CAUSING A LOSS OF RS.29,91,350 TO BANK OF MAHARASHTRA
SIMPLE IMPRISONMENT FOR FIVE YEARS
292
25-MAY-2016
CANARA BANK
D.R.NAIK
CBI
ATTEMPTED TO CHEAT CANARA BANK IN PREPARING FAKE FDRS/BREAKING OF ANOTHER FDR FOR RS.99 LACS OF TAMILNADU CONSTRUCTIONS WELFARE BOARD
RIGOROUS IMPRISONMENT FOR TWO YEARS
293
17-MAY-2016
STATE BANK OF INDIA
K.CHANDRASEKARAN
CBI
SANCTIONED VARIOUS LOANS WITHOUT TAKING PROPER SECURITIES AND DID NOT FOLLOW BANK’S NORMS THEREBY CAUSING A LOSS OF RS.66,31,419.00 TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR TEN YEARS
294
26-APR-2016
DYNATECH TOOLS & DEVICES
B.DAMODAR
K.V.HEMANTH
CBI
INDULGED IN FALSELY CERTIFYING THE RECEIPT OF PARTS/BRACKETS & THEIR INSPECTION. ON THE BASIS OF REPORT HAL MADE THE PAYMENT OF INVOICES RAISED BY MR.B.DAMODAR THEREBY CAUSING A LOSS OF RS.22, 67,189 (APPROX.) TO HAL BANGALORE
RIGOROUS IMPRISONMENT FOR THREE YEARS
295
22-APR-2016
STATE BANK OF PATIALA
DEVENDER KUMAR
CBI
INDULGED IN FRAUD PERTAINING TO BOGUS BILL PURCHASING THEREBY CAUSING A LOSS OF RS.56 LACS (APPROX.) TO STATE BANK OF PATIALA
RIGOROUS IMPRISONMENT FOR THREE YEARS
296
04-APR-2016
JHARKHAND ISPAT PVT.LTD.
CBI
INDULGED IN ALLOCATION OF NORTH DHADU COAL BLOCK RECOMMENDED THROUGH SCREENING COMMITTEE MEETING FOR ITS SPONGE IRON EUP AT DISTRICT HAZARIBAGH (JHARKHAND) BY MISREPRESENTING ON VARIOUS FACTORS
IMPOSED FINE RS.25 LACS
297
04-APR-2016
JHARKHAND ISPAT PVT.LTD.
R.S.RUNGTA
R.C.RUNGTA
CBI
INDULGED IN ALLOCATION OF NORTH DHADU COAL BLOCK RECOMMENDED THROUGH SCREENING COMMITTEE MEETING FOR ITS SPONGE IRON EUP AT DISTRICT HAZARIBAGH (JHARKHAND) BY MISREPRESENTING ON VARIOUS FACTORS
RIGOROUS IMPRISONMENT FOR FOUR YEARS
298
30-MAR-2016
BANK OF INDIA
BIMAL CHANDRA GIRI
SUKUMAR BHATTACHARYA
CBI
INDULGED IN OPENING OF A CURRENT ACCOUNT IN NAME OF POLYCAB INDUSTRIES AND ALLOWED COLLECTION OF CHEQUE FOR RS.12.77 LACS ISSUED BY IOC LTD. IN FAVOUR OF SIMILAR NAME AND SUBSEQUENTLY WITHDRAWN CASH THEREBY CAUSING A LOSS OF RS.12.77 LACS (APPROX.) TO BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FOUR YEARS
299
26-MAR-2016
STATE BANK OF HYDERABAD
G.RAMA RAO
SUDHIR RAO
CBI
INDULGED IN DEPOSIT OF HIGH VALUE CHEQUES WITH ISSUING ACCOUNT HAVING INSUFFICIENT BALANCE AND WITH CONNIVANCE OF BANK OFFICIALS BOUNCED CHEQUES WERE NOT DELIVERED TO BRANCH AND AMOUNT CREDITED TO ACCOUNT OF UNIQUE PLASTICS LTD. ON BASIS OF CREDIT VOUCHERS THEREBY CAUSING A LOSS OF RS.9.50 CRORES TO STATE BANK OF HYDERABAD
RIGOROUS IMPRISONMENT FOR FIVE YEARS
300
26-MAR-2016
UNIQUE PLASTICS LTD.
PARESH DHANJI CHHEDA
CBI
INDULGED IN DEPOSIT OF HIGH VALUE CHEQUES WITH ISSUING ACCOUNT HAVING INSUFFICIENT BALANCE AND WITH CONNIVANCE OF BANK OFFICIALS BOUNCED CHEQUES WERE NOT DELIVERED TO BRANCH AND AMOUNT CREDITED TO ACCOUNT OF UNIQUE PLASTICS LTD. ON BASIS OF CREDIT VOUCHERS THEREBY CAUSING A LOSS OF RS.9.50 CRORES TO STATE BANK OF HYDERABAD
RIGOROUS 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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