S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
61
02-JAN-2023
IDBI BANK LTD.
DWIBHASHYAM KARTHIK
SURENDRANATH DATTI
CBI
SANCTIONED AND DISBURSED LOANS TO INELIGIBLE BORROWERS BY ACCEPTING FAKE ITRS, IGNORE CIBIL REPORTS, VIOLATING BANK PROCEDURE AND NORMS AND DID NOT ENSURE PROPERTY SECURITY THEREBY CAUSING A LOSS OF RS.201.17 LAC (APPROX.) TO IDBI BANK LTD.
RIGOROUS IMPRISONMENT FOR TWO YEARS
62
02-JAN-2023
R.K.ENGINEERS
KOTHA KAMA RAJU
CBI
SANCTIONED AND DISBURSED LOANS TO INELIGIBLE BORROWERS BY ACCEPTING FAKE ITRS, IGNORE CIBIL REPORTS, VIOLATING BANK PROCEDURE AND NORMS AND DID NOT ENSURE PROPERTY SECURITY THEREBY CAUSING A LOSS OF RS.201.17 LAC (APPROX.) TO IDBI BANK LTD.
RIGOROUS IMPRISONMENT FOR ONE YEAR
63
30-DEC-2022
CENTRAL BANK OF INDIA
M.VELLAICHAMY
CBI
SUBMITTED FORGE DOCUMENTS AS GENUINE TO BANK AND LOAN SANCTIONED AND THEN FRAUDULENTLY WITHDREW AMOUNT THEREBY CAUSING A LOSS OF RS.1.41 CRORE (APPROX.) TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
64
30-DEC-2022
CHEMFREE VEGETABLE PVT.LTD.
S.SAKTHIVEL
CBI
SUBMITTED FORGE DOCUMENTS AS GENUINE TO BANK AND LOAN SANCTIONED AND THEN FRAUDULENTLY WITHDREW AMOUNT THEREBY CAUSING A LOSS OF RS.1.41 CRORE (APPROX.) TO CENTRAL BANK OF INDIA
RIGOROUS IMPRISONMENT FOR THREE YEARS
65
29-NOV-2022
AMAR DATA SYSTEMS PVT.LTD.
CBI
SANCTIONED LOANS OF RS.60 LAC AND ALLOWED PERSONS TO OBTAIN ILLEGAL PECUNIARY ADVANTAGE THEREBY CAUSING A LOSS TO BANK OF MAHARASHTRA
IMPOSED FINE RS.1,50,000
66
29-NOV-2022
BANK OF MAHARASHTRA
C.NARAYANASWAMY
CBI
SANCTIONED LOANS OF RS.60 LAC AND ALLOWED PERSONS TO OBTAIN ILLEGAL PECUNIARY ADVANTAGE THEREBY CAUSING A LOSS TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
67
29-NOV-2022
DIVINE GALAXY
K.ANANDA RAO
K.SRIDHAR
CBI
SANCTIONED LOANS OF RS.60 LAC AND ALLOWED PERSONS TO OBTAIN ILLEGAL PECUNIARY ADVANTAGE THEREBY CAUSING A LOSS TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
68
29-NOV-2022
SUFI IMPEX INC.
NANDA GOPAL
CBI
SANCTIONED LOANS OF RS.60 LAC AND ALLOWED PERSONS TO OBTAIN ILLEGAL PECUNIARY ADVANTAGE THEREBY CAUSING A LOSS TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
69
23-NOV-2022
BANK OF MAHARASHTRA
SUHAS KALYAN RAMDASI
SARATH BABU JELLY
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
70
23-NOV-2022
CONFERO HEALTHCARE PVT.LTD.
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
IMPOSED FINE RS.1,00,000
71
23-NOV-2022
GRAUPEL PHARMA PVT.LTD.
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
IMPOSED FINE RS.1,00,000
72
23-NOV-2022
HYDERABAD TABLET TOOLS
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
IMPOSED FINE RS.50,000
73
23-NOV-2022
KIRAN IMPEX PVT.LTD.
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
IMPOSED FINE RS.50,000
74
23-NOV-2022
MAVEN LIFE SCIENCES PVT.LTD.
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
IMPOSED FINE RS.1,00,000
75
23-NOV-2022
SRI VAISHNAVI PHARMA CHEM
CBI
SANCTIONED WORKING CAPITAL LIMITS FOR RS.5 CRORE AND SUBSEQUENTLY DIVERTED FUND FOR PURPOSE OTHER THAN THE SANCTIONED, ON FAKE & FABRICATED DOCUMENTS THEREBY CAUSING A LOSS OF RS.4,57,86,355.00 (APPROX.) TO BANK OF MAHARASHTRA
IMPOSED FINE RS.50,000
76
17-SEP-2022
INDIAN BANK
G.V.SRINIVASAN
AZIZ
MUTHIAH
S.ARUNACHALAM
CBI
RELEASED LOAN AMOUNT WITHOUT ANY APPROVAL/SANCTION AND WITHOUT SECURING FINANCIAL INTEREST OF BANK THEREBY CAUSING A LOSS OF RS.39.18 CRORE TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
77
17-SEP-2022
KIRAN OVERSEAS LTD.
KIRAN BATRA
RANJIV BATRA
CBI
RELEASED LOAN AMOUNT WITHOUT ANY APPROVAL/SANCTION AND WITHOUT SECURING FINANCIAL INTEREST OF BANK THEREBY CAUSING A LOSS OF RS.39.18 CRORE TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THIRTY SEVEN MONTHS
78
17-SEP-2022
KIRAN OVERSEAS LTD.
CBI
RELEASED LOAN AMOUNT WITHOUT ANY APPROVAL/SANCTION AND WITHOUT SECURING FINANCIAL INTEREST OF BANK THEREBY CAUSING A LOSS OF RS.39.18 CRORE TO INDIAN BANK
IMPOSED FINE RS.10,000
79
17-SEP-2022
KIRAN OVERSEAS LTD.
CBI
RELEASED LOAN AMOUNT WITHOUT ANY APPROVAL/SANCTION AND WITHOUT SECURING FINANCIAL INTEREST OF BANK THEREBY CAUSING A LOSS OF RS.39.18 CRORE TO INDIAN BANK
IMPOSED FINE RS.10,000
80
09-SEP-2022
INDIAN OVERSEAS BANK
SOUMAN CHAKRABORTY
SANKARAMAN PADMANABHAN
CBI
SANCTIONED HOUSING LOANS, TERM LOAN AND CASH CREDIT FACILITY ON THE BASIS OF FAKE IT RETURNS, LAPSED LIC POLICES, BOGUS QUOTATIONS OF SUPPLIERS AND FAKE TITLE DEEDS AS COLLATERAL SECURITY THEREBY CAUSING A LOSS OF RS.221.33 LAC TO INDIAN OVERSEAS 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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