S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
81
09-SEP-2022
INDIAN OVERSEAS BANK
SOUMAN CHAKRABORTY
SANKARAMAN PADMANABHAN
CBI
SANCTIONED TERM LOAN OF RS.48.83 LAC AND CASH CREDIT LIMIT OF RS.20 LAC FOR PURCHASE OF MACHINERY ON THE BASIS OF FALSE PROPERTY DOCUMENTS, LAPSED/FORGED SURRENDER VALUE CERTIFICATES OF LIC POLICIES AS COLLATERAL SECURITY AND FALSE/ FORGED PROFORMA INVOICES & RECEIPTS OF MASTER EQUIPMENTS THEREBY CAUSING A LOSS OF RS.68.83 LAC TO INDIAN OVERSEAS BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
82
09-SEP-2022
MANDYA URBAN DEVELOPMENT AUTHORITY
H.K.NAGARAJA
CBI
FRAUDULENTLY OBTAINED FIVE CHEQUES OF RS.1 CRORE EACH AND CREDITED
TO THE CURRENT ACCOUNT OF AKASH ENTERPRISES & MISAPPROPRIATE AMOUNT CAUSING A LOSS TO MANDYA URBAN DEVELOPMENT AUTHORITY (MUDA)
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
83
09-SEP-2022
SNEHA CREATIONS PVT.LTD.
CBI
SANCTIONED TERM LOAN OF RS.48.83 LAC AND CASH CREDIT LIMIT OF RS.20 LAC FOR PURCHASE OF MACHINERY ON THE BASIS OF FALSE PROPERTY DOCUMENTS, LAPSED/FORGED SURRENDER VALUE CERTIFICATES OF LIC POLICIES AS COLLATERAL SECURITY AND FALSE/ FORGED PROFORMA INVOICES & RECEIPTS OF MASTER EQUIPMENTS THEREBY CAUSING A LOSS OF RS.68.83 LAC TO INDIAN OVERSEAS BANK
IMPOSED FINE RS.75,000
84
26-AUG-2022
PAAZEE FOREX TRADING INDIA PVT.LTD.
CBI
FLOATED VARIOUS SCHEMES AND CHEATED VARIOUS DEPOSITORS FOR RS.870.10 CRORE (APPROX.) ON THE FALSE PROMISE OF HIGH RETURNS
IMPOSED FINE RS.28,74,00,000
85
26-AUG-2022
PAAZEE FOREX TRADING INDIA PVT.LTD.
MOHANRAJ KATHIRAVAN
ARUMUGAM KAMALAVALLI
CBI
FLOATED VARIOUS SCHEMES AND CHEATED VARIOUS DEPOSITORS FOR RS.870.10 CRORE (APPROX.) ON THE FALSE PROMISE OF HIGH RETURNS
RIGOROUS IMPRISONMENT FOR TWENY SEVEN YEARS
86
26-AUG-2022
PAAZEE MARKETING CO.
MOHANRAJ KATHIRAVAN
ARUMUGAM KAMALAVALLI
CBI
FLOATED VARIOUS SCHEMES AND CHEATED VARIOUS DEPOSITORS FOR RS.870.10 CRORE (APPROX.) ON THE FALSE PROMISE OF HIGH RETURNS
RIGOROUS IMPRISONMENT FOR TWENY SEVEN YEARS
87
26-AUG-2022
PAAZEE MARKETING CO.
CBI
FLOATED VARIOUS SCHEMES AND CHEATED VARIOUS DEPOSITORS FOR RS.870.10 CRORE (APPROX.) ON THE FALSE PROMISE OF HIGH RETURNS
IMPOSED FINE RS.28,74,00,000
88
26-AUG-2022
PAAZEE TRADING INC.
CBI
FLOATED VARIOUS SCHEMES AND CHEATED VARIOUS DEPOSITORS FOR RS.870.10 CRORE (APPROX.) ON THE FALSE PROMISE OF HIGH RETURNS
IMPOSED FINE RS.28,74,00,000
89
26-AUG-2022
PAAZEE TRADING INC.
MOHANRAJ KATHIRAVAN
ARUMUGAM KAMALAVALLI
CBI
FLOATED VARIOUS SCHEMES AND CHEATED VARIOUS DEPOSITORS FOR RS.870.10 CRORE (APPROX.) ON THE FALSE PROMISE OF HIGH RETURNS
RIGOROUS IMPRISONMENT FOR TWENY SEVEN YEARS
90
26-JUL-2022
SEAGLAD PHARAMCEUTICALS PVT.LTD.
G.T.VIJAYAN
S.P.NAGARAJAN
D.VIJAYAKUMAR
CBI
AVAILED CREDIT FACILITIES OF RS.70 LAC FOR DEVELOPMENT OF BUSINESS BY HYPOTHECATION OF STOCK OF RAW MATERIALS, CHEMICALS, FINISHED GOODS, BOOK DEBTS, PROPOSED MACHINERY AND COLLATERAL SECURITY OF VACANT LAND AT THIRUVANMIYUR, WHICH WAS ALREADY ACQUIRED BY TNHB THEREBY CAUSING A LOSS OF RS.1.05 CRORE TO UCO BANK
RIGOROUS IMPRISONMENT FOR TWO YEARS
91
26-JUL-2022
SEAGLAD PHARAMCEUTICALS PVT.LTD.
CBI
AVAILED CREDIT FACILITIES OF RS.70 LAC FOR DEVELOPMENT OF BUSINESS BY HYPOTHECATION OF STOCK OF RAW MATERIALS, CHEMICALS, FINISHED GOODS, BOOK DEBTS, PROPOSED MACHINERY AND COLLATERAL SECURITY OF VACANT LAND AT THIRUVANMIYUR, WHICH WAS ALREADY ACQUIRED BY TNHB THEREBY CAUSING A LOSS OF RS.1.05 CRORE TO UCO BANK
IMPOSED FINE RS.40,000
92
28-JUN-2022
STATE BANK OF INDIA
G.V.J.MOHAN KUMAR
CBI
FRAUDULENTLY OBTAINED CHEQUES OF RS.30 LACS FROM KMV PROJECTS LTD. ON THE PRETEXT OF LOAN SYNDICATE FEE & CONSORTIUM PROCESSING FEE AND USED THE SAME FOR PERSONAL BENEFITS THEREBY CAUSING A LOSS OF RS.30 LAC (PLUS INTEREST) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
93
21-JUN-2022
SARIF KHAN,M/S
MOHD.SARIF KHAN
CBI
INFLATED AMOUNT OF SEVEN CHEQUES & CHANGED NAMES OF THE PAYEE THEREBY CAUSING A LOSS OF RS.36.49 LAC TO ORDINANCE CLOTHING FACTORY, SHAHJAHANPUR, UTTAR PRADESH
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
94
13-MAY-2022
INDIAN BANK
S.BALASUBRAMANIAN
CBI
SANCTIONED LOANS BY ACCEPTING FORGED DOCUMENTS FOR MORTGAGE IN FAVOUR OF BANK AND RELEASED CREDIT LIMITS WITHOUT FOLLOWING STAGE-WISE RELEASE THEREBY CAUSING A LOSS OF RS.261.63 LAC (APPROX.) TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR TWO YEARS
95
13-MAY-2022
SUN BIO-MANURE PVT.LTD.
CBI
SUBMITTED FORGE DOCUMENTS AS GENUINE AND AVAILED CREDIT FACILITIES FROM BANK FRAUDULENTLY & DIVERTED MONEY AND NOT REPAID INSTALMENTS AS PER CONDITIONS STIPULATED IN LOAN SANCTION LETTER THEREBY CAUSING A LOSS OF RS.261.63 LAC (APPROX.) TO INDIAN BANK
IMPOSED FINE RS.1,50,000
96
13-MAY-2022
SUN BIO-MANURE PVT.LTD.
VIJAYAKUMARI PERIASAMY
SAKTHIVEL SHANMUGAM
CBI
SUBMITTED FORGE DOCUMENTS AS GENUINE AND AVAILED CREDIT FACILITIES FROM BANK FRAUDULENTLY & DIVERTED MONEY AND NOT REPAID INSTALMENTS AS PER CONDITIONS STIPULATED IN LOAN SANCTION LETTER THEREBY CAUSING A LOSS OF RS.261.63 LAC (APPROX.) TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
97
09-MAY-2022
BANK OF MAHARASHTRA
DEBATOSH CHANDA
CBI
ALLOWED TO AVAIL RS.12 LAC BY WAY OF CREATION OF BOGUS LOAN ACCOUNT WITHOUT EXECUTION OF ANY DOCUMENT THEREBY CAUSING A LOSS OF RS.12 LAC (APPROX.) TO BANK OF MAHARASHTRA
SIMPLE IMPRISONMENT FOR FIVE YEARS
98
09-MAY-2022
CHATTERJEE EXPORTS
INDRAJIT CHATTERJEE
CBI
ALLOWED TO AVAIL RS.12 LAC BY WAY OF CREATION OF BOGUS LOAN ACCOUNT WITHOUT EXECUTION OF ANY DOCUMENT THEREBY CAUSING A LOSS OF RS.12 LAC (APPROX.) TO BANK OF MAHARASHTRA
SIMPLE IMPRISONMENT FOR FIVE YEARS
99
29-APR-2022
NEW INDIA ASSURANCE CO.LTD.,THE
J.H.RUSAT
PRADEEP J.PRADHAN
C.K.PATNI
CBI
SUBMITTED FALSE/BOGUS MARINE CLAIMS AND OBTAIN THE PAYMENTS ON BASIS OF FAKE PAPERS INCLUDING INVOICES, FIR AND DOCUMENTS RELATED TO TRANSPORT ETC. THEREBY CAUSING A LOSS OF RS.6,61,536 (APPROX.) TO NEW INDIA ASSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR FIVE YEARS
100
29-APR-2022
OPTHILENS EXPORTS
LALA FIDA HUSSAIN
CBI
SUBMITTED FALSE/BOGUS MARINE CLAIMS AND OBTAIN THE PAYMENTS ON BASIS OF FAKE PAPERS INCLUDING INVOICES, FIR AND DOCUMENTS RELATED TO TRANSPORT ETC. THEREBY CAUSING A LOSS OF RS.6,61,536 (APPROX.) TO NEW INDIA ASSURANCE CO.LTD.
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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