S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
1
30-APR-2024
VIJAYA BANK
V.P.PADMANABH
CBI
SANCTIONED AND DISBURSED FIVE HOUSING LOANS WITHOUT VERIFYING GENUINENESS OF SALE AGREEMENT, SALE DEEDS, GUARANTORS AND INCOME PROOFS THEREBY CAUSING A LOSS OF RS.39.75 LAC TO VIJAYA BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
2
28-APR-2024
STATE BANK OF MYSORE
S.GOPALAKRISHNA
CBI
ABUSED OFFICIAL POSITION AND ISSUED 101 BANKERS’ CHEQUES WITHOUT OBTAINING ID PROOF AND AUTHORIZATION LETTER IN FAVOUR OF LIC OF INDIA FOR EXCHANGING SPECIFIED BANK NOTES (SBNS) DURING NOVEMBER 2016
RIGOROUS IMPRISONMENT FOR FOUR YEARS
3
18-APR-2024
INDIAN OVERSEAS BANK
PREETI VIJAY SAHJWANI
CBI
CHEATED INDIAN OVERSEAS BANK FOR RS.2,14,93,940.00 BY WAY OF CREDITING FINAL MATURITY PAYMENT OF FCNR DEPOSITS OF TWO ACCOUNTS INTO TWO FICTITIOUS ACCOUNTS WITHOUT ANY AUTHORITY LETTER FROM THE DEPOSITOR OR FROM POWER OF ATTORNEY (POA) HOLDER THEREBY CAUSING A LOSS TO BANK
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
4
28-MAR-2024
ALLAHABAD BANK
RADHA RAMAN BAJPAI
CBI
ENTERED INTO CONSPIRACY AND DEFRAUDED BANK THEREBY CAUSING A LOSS OF RS.22.70 CRORE (APPROX.) TO ALLAHABAD BANK
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
5
28-MAR-2024
ALLAHABAD BANK
RIKESH KUMAR SHUKLA
CBI
ENTERED INTO CONSPIRACY AND DEFRAUDED BANK THEREBY CAUSING A LOSS OF RS.22.70 CRORE (APPROX.) TO ALLAHABAD BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
6
28-MAR-2024
UCO BANK
K.K.MEHTA
CBI
MISAPPROPRIATED RS.1.58 CRORE (APPROX) BY SHOWING FALSE REMITTANCES TO BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
7
18-MAR-2024
SYNDICATE BANK
G.SATYA BABU
CBI
ENTERED INTO CRIMINAL CONSPIRACY WITH BORROWERS AND SANCTIONED VARIOUS LOANS UNDER MSE SCHEME INITIATED BY SYNDICATE BANK AND SANCTIONED MSME LOANS UNDER DISCRETIONARY POWERS BASED ON FAKE QUOTATIONS THEREBY CAUSING A LOSS OF RS.76 LAC (APPROX.) TO SYNDICATE BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
8
15-MAR-2024
PEOPLES RECONSTRUCTION MOVEMENT
MANISHANKAR V.R.S (AKA.SUBRAMANI)
SUBRAMANI (AKA.MANISHANKAR V.R.S)
CBI
ENTERED INTO CRIMINAL CONSPIRACY DURING 2002 TO 2005 CONTEMPLATING TO CHEAT 33 SELF HELP GROUPS (SHGS) IN THE GUISE OF PROVIDING LOANS AND LOAN PROCEEDS DEPOSITED IN RE-INVESTMENT PLAN IN NAME OF PEOPLES RECONSTRUCTION MOVEMENT (PRM) AND SAKTHI WOMAN FEDERATION (SWF) THEREBY CAUSING A LOSS OF RS.50.26 LAC (APPROX.) TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
9
15-MAR-2024
SAKTHI WOMAN FEDERATION
SUNANDA MANISHANKAR
CBI
ENTERED INTO CRIMINAL CONSPIRACY DURING 2002 TO 2005 CONTEMPLATING TO CHEAT 33 SELF HELP GROUPS (SHGS) IN THE GUISE OF PROVIDING LOANS AND LOAN PROCEEDS DEPOSITED IN RE-INVESTMENT PLAN IN NAME OF PEOPLES RECONSTRUCTION MOVEMENT (PRM) AND SAKTHI WOMAN FEDERATION (SWF) THEREBY CAUSING A LOSS OF RS.50.26 LAC (APPROX.) TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
10
28-FEB-2024
UCO BANK
K.K.BHARDWAJ
CBI
ENTERED INTO CRIMINAL CONSPIRACY WITH PRIVATE PERSONS AND OPENED TWO SB ACCOUNTS IN TWO FICTITIOUS NAMES WITH OBJECT TO COMMIT OFFENCE OF CRIMINAL MISCONDUCT, CHEATING AND FORGERY
RIGOROUS IMPRISONMENT FOR FIVE YEARS
11
26-FEB-2024
BANK OF BARODA
RAMCHANDRA SHRIDHAR JOSHI
CBI
ENTERED INTO CRIMINAL CONSPIRACY WITH PRIVATE PERSONS TO CHEAT BANK OF BARODA BY MISAPPROPRIATING VARIOUS AMOUNTS AND DIVERTING SAID AMOUNTS TO PRIVATE PERSON ACCOUNTS THEREBY CAUSING A LOSS OF RS.10.50 CRORE (APPROX.) TO BANK OF BARODA
RIGOROUS IMPRISONMENT FOR TWO YEARS
12
26-FEB-2024
BANK OF BARODA
RAMCHANDRA SHRIDHAR JOSHI
CBI
ENTERED INTO CRIMINAL CONSPIRACY WITH OTHER PRIVATE PERSONS TO CHEAT BANK OF BARODA BY DIVERTING SAID AMOUNTS TO A PRIVATE PERSON ACCOUNTS THEREBY CAUSING A LOSS OF RS.5 CRORE (APPROX.) TO BANK OF BARODA
RIGOROUS IMPRISONMENT FOR ONE YEAR
13
04-JAN-2024
MASTER STEEL TUBES
M.SUDHAKAR RAO
CBI
SANCTIONED CASH CREDIT, INLAND LETTER OF CREDIT AND TERM LOAN ON INFLATED COLLATERAL AND ADDITIONAL COLLATERAL SECURITIES, FORGED LORRY RECEIPTS & INVOICES THEREBY CAUSING A LOSS OF RS.60.49 LAC TO UNION BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
14
29-DEC-2023
UNION BANK OF INDIA
K.BHASKAR RAO
CBI
SIPHONED BANK'S FUNDS BY ADOPTED DIFFERENT MODUS OPERANDI FOR PERSONAL BENEFITS AND MANIPULATED ENTRIES IN CORE BANKING SYSTEM (CBS) OF BANK BY USING OWN USER ID & USER IDS OF OTHER OFFICERS THEREBY CAUSING A LOSS OF RS.98.49 LAC TO UNION BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
15
21-DEC-2023
PALPAP ICHINICHI SOFTWARE INTERNATIONAL LTD.
PALANIVEL SENTHILKUMAR
CBI
OPENED 149 LOAN ACCOUNTS UNDER STAR PERSONAL LOAN SCHEME IN THE NAMES OF FICTITIOUS PERSONS SHOWING THEM AS EMPLOYEES OF COMPANY AND GOT LOANS SANCTIONED BY FABRICATING SALARY SLIPS & IDENTITY CARDS IN THE NAMES OF LOANEES THEREBY CAUSING A LOSS OF RS.206.87 LAC TO BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
16
21-DEC-2023
PALPAP ICHINICHI SOFTWARE INTERNATIONAL LTD.
CBI
OPENED 149 LOAN ACCOUNTS UNDER STAR PERSONAL LOAN SCHEME IN THE NAMES OF FICTITIOUS PERSONS SHOWING THEM AS EMPLOYEES OF COMPANY AND GOT LOANS SANCTIONED BY FABRICATING SALARY SLIPS & IDENTITY CARDS IN THE NAMES OF LOANEES THEREBY CAUSING A LOSS OF RS.206.87 LAC TO BANK OF INDIA
IMPOSED FINE RS.1,00,000
17
05-DEC-2023
STATE BANK OF INDIA
BUTA RAM GHAI
CBI
ENTERED INTO CONSPIRACY AND FRAUDULENTLY CHEATED BY MANIPULATION, FORGERY, CHEATING, FRAUD ETC. THEREBY CAUSING A LOSS OF RS.18.63 CRORE (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
18
05-DEC-2023
STEEL AUTHORITY OF INDIA LTD.
ASHWINI OBEROI
SHANKAR BATRA
CBI
ENTERED INTO CONSPIRACY AND FRAUDULENTLY CHEATED BY MANIPULATION, FORGERY, CHEATING, FRAUD ETC. THEREBY CAUSING A LOSS OF RS.18.63 CRORE (APPROX.) TO STATE BANK OF INDIA
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
19
16-NOV-2023
BANK OF INDIA
A.GADHADAR
CBI
FRAUDULENTLY PROCESSED & SANCTIONED HOUSING LOAN APPLICATIONS AND DISBURSED LOAN AMOUNTS THEREBY CAUSING A LOSS OF RS.73.80 LAC (APPROX.) TO BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
20
05-OCT-2023
NEW INDIA ASSURANCE CO.LTD.,THE
ARVIND JAIN
N.K.BHAMAWAT
D.K.NATHANI
ARVIND SHARMA
AVINASH DAMODAR JOSHI
B.L.MALVIYA
P.K.BANTHIA
S.P.KULKARNI
ARUN K.KHANDELWAL
SANJAY SINGH
PANKAJ KHANDELWAL
SANJAY SHARMA
CBI
RELEASED UNAUTHORIZED PAYMENTS OF RS.17,28,033.00 TOWARDS AGENT COMMISSION THEREBY CAUSING LOSS TO NEW INDIA ASSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR FOUR 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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