S.
DATE OF ORDER
PERSON
ENTITY
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
1
03-OCT-2024
JAI KARAN
CBI
DEPOSITED DEMAND DRAFTS IN UNAUTHORISEDLY OPENED BANK ACCOUNTS AT ALLAHABAD BANK AND STATE BANK OF PATIALA AND WITHDREW THE AMOUNT IN CASH AND MISAPPROPRIATED RS.28.00 LAC THEREBY CAUSING UNDUE PECUNIARY LOSS TO THE GOVERNMENT EXCHEQUER
RIGOROUS IMPRISONMENT FOR THREE YEARS AND FINE RS.50,000
2
03-OCT-2024
MAHIPAT SINGH RAWAT
CBI
ISSUED BOGUS GRANT LETTERS/ALLOTMENT LETTERS FOR RS.46 CRORE AND ON THE BASIS OF SUCH LETTERS PURCHASED MEDICINES AND MEDICAL EQUIPMENTS & OTHER ARTICLES WITHOUT ANY ACTUAL DEMAND AND AT MUCH EXORBITANT RATES THAN THE ACTUAL MARKET RATES, WITHOUT TENDERS THEREBY CAUSING A LOSS OF RS.1.35 CRORE (APPROX.) TO THE GOVERNMENT
IMPRISONMENT FOR THREE YEARS AND FINE RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
3
03-OCT-2024
SHYAM LAL
CBI
ISSUED BOGUS GRANT LETTERS/ALLOTMENT LETTERS FOR RS.46 CRORE AND ON THE BASIS OF SUCH LETTERS PURCHASED MEDICINES AND MEDICAL EQUIPMENTS & OTHER ARTICLES WITHOUT ANY ACTUAL DEMAND AND AT MUCH EXORBITANT RATES THAN THE ACTUAL MARKET RATES, WITHOUT TENDERS THEREBY CAUSING A LOSS OF RS.1.35 CRORE (APPROX.) TO THE GOVERNMENT
IMPRISONMENT FOR THREE YEARS AND FINE RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
4
01-OCT-2024
DEEPAK L.DAVE
STATE BANK OF INDIA
CBI
COMMITTED FORGERY OF VALUABLE SECURITIES AND USED FORGED DOCUMENTS AS GENUINE THEREBY CAUSING A LOSS OF RS.5.99 CRORE (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR TEN YEARS AND FINE RS.1,50,000
5
01-OCT-2024
PARESH DAVE
GUJARAT GLASS CO.
CBI
COMMITTED FORGERY OF VALUABLE SECURITIES AND USED FORGED DOCUMENTS AS GENUINE THEREBY CAUSING A LOSS OF RS.5.99 CRORE (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR TEN YEARS AND FINE RS.6,40,00,000
6
25-SEP-2024
AJIT PAL SINGH
SHIVAM TRADERS
CBI
MISUSED OFFICIAL POSITION AND GRANTED UNAUTHORIZED CREDIT FACILITY/OVER DRAWINGS, OVER AND ABOVE DISCRETIONARY POWER THEREBY CAUSING A LOSS OF RS.68 LAC TO UCO BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
7
25-SEP-2024
RAMESH CHANDRA DUTTA
SHIVAM TRADERS
CBI
MISUSED OFFICIAL POSITION AND GRANTED UNAUTHORIZED CREDIT FACILITY/OVER DRAWINGS, OVER AND ABOVE DISCRETIONARY POWER THEREBY CAUSING A LOSS OF RS.68 LAC TO UCO BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
8
12-SEP-2024
B.P.SINGH (AKA.BIRENDRA PRASAD SINGH)
CBI
SANCTIONED CREDIT LIMIT BASED ON FALSE NET WORTH STATEMENTS, OVERVALUED COLLATERAL, ETC. AND SIPHONED OFF FUNDS TO ACCOUNTS OF SISTER CONCERNS OF THE BORROWERS THERE BY CAUSING A LOSS OF RS.3.10 CRORE TO CORPORATION BANK (NOW MERGED WITH UNION BANK OF INDIA)
RIGOROUS IMPRISONMENT FOR FOUR YEARS AND FINE RS.1,50,000
9
12-SEP-2024
BIRENDRA PRASAD SINGH (AKA.B.P.SINGH)
CBI
SANCTIONED CREDIT LIMIT BASED ON FALSE NET WORTH STATEMENTS, OVERVALUED COLLATERAL, ETC. AND SIPHONED OFF FUNDS TO ACCOUNTS OF SISTER CONCERNS OF THE BORROWERS THERE BY CAUSING A LOSS OF RS.3.10 CRORE TO CORPORATION BANK (NOW MERGED WITH UNION BANK OF INDIA)
RIGOROUS IMPRISONMENT FOR FOUR YEARS AND FINE RS.1,50,000
10
12-SEP-2024
CHAKRADHAR MUDULI
CBI
SANCTIONED CREDIT LIMIT BASED ON FALSE NET WORTH STATEMENTS, OVERVALUED COLLATERAL, ETC. AND SIPHONED OFF FUNDS TO ACCOUNTS OF SISTER CONCERNS OF THE BORROWERS THERE BY CAUSING A LOSS OF RS.3.10 CRORE TO CORPORATION BANK (NOW MERGED WITH UNION BANK OF INDIA)
RIGOROUS IMPRISONMENT FOR FOUR YEARS AND FINE RS.75,000
11
12-SEP-2024
PAWAN ARYA
CORPORATION BANK
CBI
SANCTIONED CREDIT LIMIT BASED ON FALSE NET WORTH STATEMENTS, OVERVALUED COLLATERAL, ETC. AND SIPHONED OFF FUNDS TO ACCOUNTS OF SISTER CONCERNS OF THE BORROWERS THERE BY CAUSING A LOSS OF RS.3.10 CRORE TO CORPORATION BANK (NOW MERGED WITH UNION BANK OF INDIA)
RIGOROUS IMPRISONMENT FOR FIVE YEARS AND FINE RS.2,50,000
12
12-SEP-2024
SHIV KUMAR VERMA
CBI
SANCTIONED CREDIT LIMIT BASED ON FALSE NET WORTH STATEMENTS, OVERVALUED COLLATERAL, ETC. AND SIPHONED OFF FUNDS TO ACCOUNTS OF SISTER CONCERNS OF THE BORROWERS THERE BY CAUSING A LOSS OF RS.3.10 CRORE TO CORPORATION BANK (NOW MERGED WITH UNION BANK OF INDIA)
RIGOROUS IMPRISONMENT FOR FOUR YEARS AND FINE RS.75,000
13
12-SEP-2024
SUDHIR KUMAR ARORA
SUPREME STEELS
CBI
SANCTIONED CREDIT LIMIT BASED ON FALSE NET WORTH STATEMENTS, OVERVALUED COLLATERAL, ETC. AND SIPHONED OFF FUNDS TO ACCOUNTS OF SISTER CONCERNS OF THE BORROWERS THERE BY CAUSING A LOSS OF RS.3.10 CRORE TO CORPORATION BANK (NOW MERGED WITH UNION BANK OF INDIA)
RIGOROUS IMPRISONMENT FOR FIVE YEARS AND FINE RS.2,00,000
14
09-SEP-2024
YOUSUF YOU
SUWEIHAN EXPORTING
CBI
ATTEMPTED TO EXPORT RED SANDERS ITEM PROHIBITED FOR EXPORT UNDER EXPORT-IMPORT POLICY
RIGOROUS IMPRISONMENT FOR THREE YEARS AND FINE RS.1,00,000
15
02-SEP-2024
JEEVANGINE SRINIVASA RAO
BANK OF INDIA
CBI
INDULGED IN SANCTIONING OF CREDIT FACILITY OF RS.25.63 LAC FOR PURCHASE OF MACHINERY BASED ON FORGED DOCUMENTS
IMPRISONMENT FOR TWO YEARS AND FINE RS.70,000 ALONG WITH OTHER ENTITIES/PERSONS
16
02-SEP-2024
JUNG BAHADUR SINGH
CBI
SANCTIONED AND DISBURSED LOANS TO EIGHTEEN BORROWERS UNDER KVIC’S MARGIN MONEY SCHEME/ KVIB’S INTEREST SUBSIDY SCHEME BASED ON FORGED AND FICTITIOUS DOCUMENTS WITHOUT ADHERING TO PRESCRIBED NORMS OF BANK AND WITHOUT ENSURING END USE OF LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.49.70 LAC TO ALLAHABAD BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.35,000
17
02-SEP-2024
NAGENDRA SINGH
CBI
SANCTIONED AND DISBURSED LOANS TO EIGHTEEN BORROWERS UNDER KVIC’S MARGIN MONEY SCHEME/ KVIB’S INTEREST SUBSIDY SCHEME BASED ON FORGED AND FICTITIOUS DOCUMENTS WITHOUT ADHERING TO PRESCRIBED NORMS OF BANK AND WITHOUT ENSURING END USE OF LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.49.70 LAC TO ALLAHABAD BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.35,000
18
02-SEP-2024
PHAGU PRASAD
CBI
SANCTIONED AND DISBURSED LOANS TO EIGHTEEN BORROWERS UNDER KVIC’S MARGIN MONEY SCHEME/ KVIB’S INTEREST SUBSIDY SCHEME BASED ON FORGED AND FICTITIOUS DOCUMENTS WITHOUT ADHERING TO PRESCRIBED NORMS OF BANK AND WITHOUT ENSURING END USE OF LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.49.70 LAC TO ALLAHABAD BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.35,000
19
02-SEP-2024
RADHEY SHYAM SINGH
CBI
SANCTIONED AND DISBURSED LOANS TO EIGHTEEN BORROWERS UNDER KVIC’S MARGIN MONEY SCHEME/ KVIB’S INTEREST SUBSIDY SCHEME BASED ON FORGED AND FICTITIOUS DOCUMENTS WITHOUT ADHERING TO PRESCRIBED NORMS OF BANK AND WITHOUT ENSURING END USE OF LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.49.70 LAC TO ALLAHABAD BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.35,000
20
02-SEP-2024
RAJENDRA SINGH
CBI
SANCTIONED AND DISBURSED LOANS TO EIGHTEEN BORROWERS UNDER KVIC’S MARGIN MONEY SCHEME/ KVIB’S INTEREST SUBSIDY SCHEME BASED ON FORGED AND FICTITIOUS DOCUMENTS WITHOUT ADHERING TO PRESCRIBED NORMS OF BANK AND WITHOUT ENSURING END USE OF LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.49.70 LAC TO ALLAHABAD BANK
IMPRISONMENT FOR THREE YEARS AND FINE RS.35,000
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
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