CBI registers five cases of corruption,fraud,cheating

“In the first bank fraud case,a nationalised bank alleged that a private company,through its directors,cheated the bank of several crores by tendering bogus documents showing export of goods,without exporting the goods,for which the bank had sanctioned credit limits to the said firm. In the second case,a complaint was received from another nationalised bank alleging that one of the bank officials abused his official position and unpledged the shares which were pledged as securities for obtaining credit facilities from the bank,” said Modak.

The ACB also registered a case against a DGM and a Chief Finance Manager of Indian Oil Corporation and an an ex-employee who allegedly caused a wrongful loss to the IOCL by fradulently collecting concessional forms that were not mentioned in his contract. Searches have been conducted at six places in Mumbai and three places in Vadodara. Investments of the officials,worth Rs 73.32 lakh,and a locker were identified.

On Thursday,the ACB,Pune,registered a case against a manager of Hindustan Antibiotics Ltd and a private supplier Pragati Impex Pvt Ltd who allegedly cheated HAL in the purchase of raw materials.