S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
1
03-APR-2025
DHANALAKSHMI BANK LTD.,THE
N.VENKEESHWARAN
S.KASIMAYAN
CBI
FRAUDULENTLY FIXED UPSET PRICES OF THE PROPERTIES MUCH LESSER THAN THE MARKET VALUE THEREBY CAUSING A WRONGFUL LOSS TO DHANALAKSHMI BANK LTD.
RIGOROUS IMPRISONMENT FOR FIVE YEARS
2
30-MAR-2025
UCO BANK
A.K.BISWAS
CBI
OPENED FICTITIOUS ACCOUNT AT UCO BANK AND INFLATED CREDIT BALANCE AND THEN FRAUDULENTLY WITHDREW THE MONEY
RIGOROUS IMPRISONMENT FOR THREE YEARS
3
29-MAR-2025
NATIONAL INSURANCE CO.LTD.,THE
SHIV PRASAD GUPTA
CBI
FRAUDULENTLY CONVERT ACCOUNT PAYEE CHEQUE OF AGENT’S COMMISSION INTO BEARER CHEQUE AND WITHDREW THE SAME THEREBY CAUSING A LOSS OF RS. 48,826.20TO NATIONAL INSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR FIVE YEARS
4
28-MAR-2025
HINDUSTAN PETROLEUM CORP.LTD.
MANISH ARORA
VIVEK RAJU
CBI
OBTAINED DELIVERY OF SOLVENTS BASED ON FORGED DOCUMENTS VIZ. C-FORMS AND OTHER FALSE DOCUMENTS
RIGOROUS IMPRISONMENT FOR TWO YEARS
5
28-MAR-2025
SWEETY INTERNATIONAL PVT.LTD.
C.P.RAMAKRISHNAN
CBI
ISSUED FALSE EXAMINATION REPORTS BEYOND HIS JURISDICTION AND EXPORTED WRINKLED AND SOILED CLOTH BITS WITH NO COMMERCIAL VALUE, IN ORDER TO SHOW THAT THEY FULFILLED EXPORT OBLIGATION AGAINST ADVANCE LICENSE UNDER WHICH TEXTILE RAW MATERIALS WERE IMPORTED TO THE TUNE OF RS.3.5 CRORE AND DUTY EXEMPTION OF RS.3.4 CRORE (APPROX.) WAS AVAILED
RIGOROUS IMPRISONMENT FOR THREE YEARS
6
28-MAR-2025
TREND SETTLERS
C.P.RAMAKRISHNAN
CBI
ISSUED FALSE EXAMINATION REPORTS BEYOND HIS JURISDICTION AND EXPORTED WRINKLED AND SOILED CLOTH BITS WITH NO COMMERCIAL VALUE, IN ORDER TO SHOW THAT THEY FULFILLED EXPORT OBLIGATION AGAINST ADVANCE LICENSE UNDER WHICH TEXTILE RAW MATERIALS WERE IMPORTED TO THE TUNE OF RS.3.5 CRORE AND DUTY EXEMPTION OF RS.3.4 CRORE (APPROX.) WAS AVAILED
RIGOROUS IMPRISONMENT FOR THREE YEARS
7
27-MAR-2025
ITI LTD.
S.A.H.JAFRI
LAV NIGAM
CBI
SUBMITTED BOGUS BILLS IN HIS OWN HANDWRITING THEREBY CAUSING A LOSS OF RS.5.25 LAC (APPROX.) TO ITI LTD.
IMPRISONMENT FOR TWO YEARS
8
20-MAR-2025
PUNJAB & SIND BANK
K.R.GOYAL (AKA.KULWANT RAI)
RAKESH BEHL
KULWANT RAI (AKA.K.R.GOYAL)
CBI
UNAUTHORISEDLY AND DISHONESTLY ACCOMMODATED PARTIES BY WAY OF PURCHASE/DISCOUNTING OF CHEQUES OF HEAVY AMOUNTS DRAWN ON ACCOUNTS OF SISTER CONCERNS/FIRMS THEREBY CAUSING A WRONGFUL LOSS OF RS.1.84 CRORE TO PUNJAB & SIND BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
9
17-MAR-2025
SIVA CONSTRUCTIONS
K.SIVA RAMA KRISHNA
CBI
AVAILED CREDIT FACILITIES BY SUBMITTING INFLATED VALUATION REPORT AND FALSE NETWORK CERTIFICATES THEREBY CAUSING A LOSS OF RS.10.19 CRORE TO IDBI BANK LTD.
RIGOROUS IMPRISONMENT FOR THREE YEARS
10
28-FEB-2025
FINLAY MILL,M/S
SADANAND JAGANNATH VARDAM
ANANT DHONDU MAHADIK
ARUN ATMARAM BELNEKAR
CBI
DID NOT CALL TENDER OF TRANSPORTATION AND ALLOTTED WORK TO A TRANSPORTER AND DISHONESTLY PREPARED VOUCHERS OF TRANSPORTING GOODS FROM DIGVIJAY MILL TO FINLAY MILL THEREBY CAUSING A WRONGFUL LOSS OF RS.37 LAC TO NATIONAL TEXTILE CORP.LTD.(WESTERN REGION)
RIGOROUS IMPRISONMENT FOR ONE YEAR
11
28-FEB-2025
NATIONAL TEXTILE CORP.LTD.
SUNIL DATTATRAY SATAM
CBI
DID NOT CALL TENDER OF TRANSPORTATION AND ALLOTTED WORK TO A TRANSPORTER AND DISHONESTLY PREPARED VOUCHERS OF TRANSPORTING GOODS FROM DIGVIJAY MILL TO FINLAY MILL THEREBY CAUSING A WRONGFUL LOSS OF RS.37 LAC TO NATIONAL TEXTILE CORP.LTD.(WESTERN REGION)
RIGOROUS IMPRISONMENT FOR ONE YEAR
12
28-FEB-2025
PUNJAB & SIND BANK
K.R.GOYAL (AKA.KULWANT RAI)
SHIV RAM MEENA
RAKESH BEHL
KULWANT RAI (AKA.K.R.GOYAL)
CBI
UNAUTHORISEDLY AND DISHONESTLY ACCOMMODATED PARTIES IN BANK ACCOUNTS BY WAY OF PURCHASE/ DISCOUNTING OF ACCOMMODATION CHEQUES OF HEAVY AMOUNTS DRAWN ON ACCOUNTS OF SISTER CONCERNS/FIRMS THEREBY CAUSING A WRONGFUL LOSS OF RS.74.16 LAC TO PUNJAB & SIND BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
13
28-FEB-2025
SRI HARI PROMOTERS LTD.
SANJAY MITTAL (AKA.SANJAY KUMAR)
SANJAY KUMAR (AKA.SANJAY MITTAL)
CBI
DIVERTED LARGE QUANTITY OF IMPORTED NAPHTHA BY PREPARING FALSE/ FAKE RECORDS AND SUBMITTED FORGED/ FAKE END-USE CERTIFICATES TO DISTRICT FOOD SUPPLIES CONTROLLER (DFSC), EXCISE AND SALE TAX DEPARTMENT
RIGOROUS IMPRISONMENT FOR TWO YEARS
14
28-FEB-2025
SRI HARI PROMOTERS LTD.
CBI
DIVERTED LARGE QUANTITY OF IMPORTED NAPHTHA BY PREPARING FALSE/ FAKE RECORDS AND SUBMITTED FORGED/ FAKE END-USE CERTIFICATES TO DISTRICT FOOD SUPPLIES CONTROLLER (DFSC), EXCISE AND SALE TAX DEPARTMENT
IMPOSED FINE RS.25,000
15
27-FEB-2025
GEO MATRIX TRADING
M.N.MURALIDHAR
CBI
OPENED FOUR LETTERS OF CREDIT (LCS) TOTALING RS.19.79 CRORE IN FAVOR OF UNIQUESTEP MARINE INDIA PVT.LTD., WITH FORGED SIGNATURE OF MR.T.SHANMUGANATHAN, DEPUTY MANAGER AT INDIAN BANK AND UNDER FORGED SEAL OF INDIAN BANK THEREBY CAUSING A LOSS TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
16
27-FEB-2025
INDIAN BANK
IGNATIUS DHEEPAM
CBI
OPENED FOUR LETTERS OF CREDIT (LCS) TOTALING RS.19.79 CRORE IN FAVOR OF UNIQUESTEP MARINE INDIA PVT.LTD., WITH FORGED SIGNATURE OF MR.T.SHANMUGANATHAN, DEPUTY MANAGER AT INDIAN BANK AND UNDER FORGED SEAL OF INDIAN BANK THEREBY CAUSING A LOSS TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
17
27-FEB-2025
IT'S A GENES THING
M.N.MURALIDHAR
CBI
OPENED FOUR LETTERS OF CREDIT (LCS) TOTALING RS.19.79 CRORE IN FAVOR OF UNIQUESTEP MARINE INDIA PVT.LTD., WITH FORGED SIGNATURE OF MR.T.SHANMUGANATHAN, DEPUTY MANAGER AT INDIAN BANK AND UNDER FORGED SEAL OF INDIAN BANK THEREBY CAUSING A LOSS TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
18
27-FEB-2025
MUTHU ENTERPRISES
J.MUTHIAH
CBI
OPENED FOUR LETTERS OF CREDIT (LCS) TOTALING RS.19.79 CRORE IN FAVOR OF UNIQUESTEP MARINE INDIA PVT.LTD., WITH FORGED SIGNATURE OF MR.T.SHANMUGANATHAN, DEPUTY MANAGER AT INDIAN BANK AND UNDER FORGED SEAL OF INDIAN BANK THEREBY CAUSING A LOSS TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
19
27-FEB-2025
UNIQUESTEP MARINE INDIA PVT.LTD.
CBI
OPENED FOUR LETTERS OF CREDIT (LCS) TOTALING RS.19.79 CRORE IN FAVOR OF UNIQUESTEP MARINE INDIA PVT.LTD., WITH FORGED SIGNATURE OF MR.T.SHANMUGANATHAN, DEPUTY MANAGER AT INDIAN BANK AND UNDER FORGED SEAL OF INDIAN BANK THEREBY CAUSING A LOSS TO INDIAN BANK
IMPOSED FINE RS.40,00,000
20
27-FEB-2025
UNIQUESTEP MARINE INDIA PVT.LTD.
PRIYALAKSHMI SHAJI
CBI
OPENED FOUR LETTERS OF CREDIT (LCS) TOTALING RS.19.79 CRORE IN FAVOR OF UNIQUESTEP MARINE INDIA PVT.LTD., WITH FORGED SIGNATURE OF MR.T.SHANMUGANATHAN, DEPUTY MANAGER AT INDIAN BANK AND UNDER FORGED SEAL OF INDIAN BANK THEREBY CAUSING A LOSS TO INDIAN BANK
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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