TEN YEARS IMPRISONMENT WITH FINE OF RS. ONE LAKH TO THEN INCOME TAX OFFICER FOR ACCEPTING A BRIBE OF RS. FIVE LAKH
Press Release
New Delhi, 05.04.2017
       The Special Judge, CBI Cases, Dehradun has today sentenced Shri Arun Kumar Ranjan, then Income Tax Officer, Rudrapur (Uttarakhand) to undergo ten years Imprisonment with fine of Rs.One lakh.

CBI had registered the case on 28.05.2014 U/s 7 of the Prevention of Corruption Act, 1988 against Shri Arun Kumar Ranjan for demanding a bribe of Rs. Five lakh from the complainant. CBI laid a trap and caught the accused red-handed while demanding & accepting a bribe of Rs. Five lakh from the complainant. A chargesheet was filed against the accused on 17.07.2014 in the Court of Special Judge, CBI, Dehradun.

After trial, the Designated Court found the accused guilty and convicted him.

http://cbi.nic.in/pressreleases/pr_2017-04-05-3.php

 

CBI REGISTERS A CASE AGAINST AN OFFICIAL OF STATE BANK OF HYDERABAD FOR AN ALLEGED VIOLATION OF RBI GUIDELINES AND CONDUCTS SEARCH
Press Release
New Delhi, 06.04.2017
      The Central Bureau of Investigation has registered a case  u/s.120B r/w 409, 420, & 477A  of IPC and 13(2) r/w 13(1)(d) of PC Act 1988 against a Head Cashier, State Bank of Hyderabad, Nehru Gunj Branch, Kalaburagi (Karnataka) & unknown private persons. It was alleged that the Head Cashier entered into a criminal conspiracy with unknown private persons and fraudulently facilitated & exchanged the demonetized currency with legal tender currency notes to the tune of Rs.109.00 lakh (approx) during the period 10.11.2016 to 30.11.2016 by using the SWAP methodology and has violated the guidelines issued by RBI to exchange of SBNs with legal tender.

Searches were conducted at the residence of accused at Kotnoor, Gulbarga which led to recovery of incriminating documents.

http://cbi.nic.in/pressreleases/pr_2017-04-06-2.php

 

CBI REGISTERS SIX SEPARATE CASES AGAINST CERTAIN ACCUSED INCLUDING PRIVATE FIRMS FOR CAUSING AN ALLEGED LOSS OF RS.1530 CRORE (APPROX) TO VARIOUS BANKS
Press Release
New Delhi, 05.04.2017
       The Central Bureau of Investigation has today registered six cases against two Mumbai based private firms dealing with jewellery etc; the Chief Promoter and others on the complaints lodged by Central Bank of India, IDBI Bank Ltd. and Vijaya Bank respectively on the allegations of cheating & criminal conspiracy.

It was further alleged that standby letters of credit were opened by the banks for the import of gold by the companies from foreign banks. Gold was imported to India, then was re-exported to 13 UAE based buyers. When the companies did not honour, the SBLCs, Indian Banks were forced to make payments to the foreign banks. An alleged loss of Rs. 1530 crore (approx) was caused to banks in these cases (An alleged loss to these banks i.e. Central Bank of India, Rs.699.54 crore (approx) in one case & Rs. 255.24 crore (approx) in other case; IDBI Bank Ltd., Rs.133.12 crore (approx) in one case & Rs. 55.68 crore (approx) in other case and Vijaya Bank, Rs. 233.15 crore (approx) in one case & Rs. 153.71 crore (approx) in other case.). The role of bank officials and others in this regard will also be looked into.

Further investigation is continuing.

http://cbi.nic.in/pressreleases/pr_2017-04-05-2.php

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