S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
21
20-SEP-2023
NALANDA TELECOM SERVICE
PERWEZ AHMAD
CBI
AWARDED CONTRACT FOR REPAIR OF FAULTY EPBT CARDS TO NALANDA TELECOM SERVICES WITHOUT GOING THROUGH THE LAID DOWN FORMALITIES
RIGOROUS IMPRISONMENT FOR FIVE YEARS
22
01-SEP-2023
MAIKAAL FIBERS LTD.
DEEPAK NAGAR
ABHIJEET SEN GUPTA
MRIGENDRA JALAN
RAJEEV DUTTA
B.L.SHRIVASTAVA
CBI
FACILITATED MAIKAAL FIBRES LTD. IN REMOVAL OF EXCISABLE GOODS FROM THE PREMISES OF COMPANY IN THE NAME OF EXPORTS & DIVERTED THE SAME INTO DOMESTIC TARIFF AREA WITHOUT PAYMENT OF APPLICABLE DUTIES THEREBY CAUSING A LOSS OF RS.13.00 CRORE (APPROX.) TO THE CENTRAL EXCISE DEPARTMENT
RIGOROUS IMPRISONMENT FOR FOUR YEARS
23
11-AUG-2023
ANBU ROADLINES
K.R.APPU
CBI
SANCTIONED, DISBURSED AND AVAILED VARIOUS CREDIT LIMITS IN FAVOUR OF GROUP COMPANIES AND SANCTIONED LOAN UTILIZED FOR PERSONAL BENEFITS THEREBY CAUSING A LOSS OF RS.13.23 CRORE (APPROX.) TO CANARA BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
24
11-AUG-2023
ANBU ROADWAYS INDIA PVT.LTD.
K.R.APPU
CBI
SANCTIONED, DISBURSED AND AVAILED VARIOUS CREDIT LIMITS IN FAVOUR OF GROUP COMPANIES AND SANCTIONED LOAN UTILIZED FOR PERSONAL BENEFITS THEREBY CAUSING A LOSS OF RS.13.23 CRORE (APPROX.) TO CANARA BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
25
11-AUG-2023
CANARA BANK
L.KUMARESAN
CBI
PERMITTED CHEQUE DISCOUNTING IN GROUP ACCOUNTS AND SANCTIONED CREDIT LIMITS BEYOND HIS DELEGATED POWER THEREBY CAUSING A LOSS OF RS.13.23 CRORE (APPROX.) TO CANARA BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
26
08-AUG-2023
NEXXOFT INFOTEL LTD.
G.NIRMALA
DINESH KAVOOR
CBI
AVAILED TERM LOAN OF RS.16 CRORE FOR IMPORT OF SOFTWARE FROM DUBAI BASED COMPANY AND FOR PURCHASE OF SOFTWARE FROM OTHER PVT.CO.AND DIVERTED THE FUNDS AND NO PRIMARY SECURITY WAS CREATED IN THE ACCOUNT WHICH BECAME IRREGULAR DUE TO NON-PAYMENT OF INSTALMENTS THEREBY CAUSING A LOSS OF RS.18.34 CRORE (APPROX.) TO UNITED BANK OF INDIA
SIMPLE IMPRISONMENT FOR ONE YEAR
27
08-AUG-2023
NEXXOFT INFOTEL LTD.
CBI
AVAILED TERM LOAN OF RS.16 CRORE FOR IMPORT OF SOFTWARE FROM DUBAI BASED COMPANY AND FOR PURCHASE OF SOFTWARE FROM OTHER PVT.CO.AND DIVERTED THE FUNDS AND NO PRIMARY SECURITY WAS CREATED IN THE ACCOUNT WHICH BECAME IRREGULAR DUE TO NON-PAYMENT OF INSTALMENTS THEREBY CAUSING A LOSS OF RS.18.34 CRORE (APPROX.) TO UNITED BANK OF INDIA
IMPOSED FINE RS.1,00,00,000
28
08-AUG-2023
NEXXOFT INFOTEL LTD.
G.DHANAJAYA REDDY
K.SATYANARAYANA
CBI
AVAILED TERM LOAN OF RS.16 CRORE FOR IMPORT OF SOFTWARE FROM DUBAI BASED COMPANY AND FOR PURCHASE OF SOFTWARE FROM OTHER PVT.CO.AND DIVERTED THE FUNDS AND NO PRIMARY SECURITY WAS CREATED IN THE ACCOUNT WHICH BECAME IRREGULAR DUE TO NON-PAYMENT OF INSTALMENTS THEREBY CAUSING A LOSS OF RS.18.34 CRORE (APPROX.) TO UNITED BANK OF INDIA
SIMPLE IMPRISONMENT FOR FOUR YEARS
29
08-AUG-2023
UNITED BANK OF INDIA
RAJESH KUMAR MADHAV
CBI
AVAILED TERM LOAN OF RS.16 CRORE FOR IMPORT OF SOFTWARE FROM DUBAI BASED COMPANY AND FOR PURCHASE OF SOFTWARE FROM OTHER PVT.CO.AND DIVERTED THE FUNDS AND NO PRIMARY SECURITY WAS CREATED IN THE ACCOUNT WHICH BECAME IRREGULAR DUE TO NON-PAYMENT OF INSTALMENTS THEREBY CAUSING A LOSS OF RS.18.34 CRORE (APPROX.) TO UNITED BANK OF INDIA
SIMPLE IMPRISONMENT FOR ONE YEAR
30
28-JUN-2023
UNION BANK OF INDIA
CHINTAKUNTLA PANDURANGAM CHALAPATHI
PILLENDLA PHANI PRASAD
CBI
SANCTIONED LOANS TO TWENTY THREE GROUP HOUSING LOANS FOR CONSTRUCTION OF INDEPENDENT HOUSES AND DISBURSED RS.1.15 CRORE WITHOUT PROPER IDENTIFICATION OF BORROWERS AND ON THE BASIS OF FALSE DOCUMENTS THEREBY CAUSING A LOSS OF RS.1.15 CRORE TO UNION BANK OF INDIA
RIGOROUS IMPRISONMENT FOR FIVE YEARS
31
19-JUN-2023
SYNDICATE BANK
N.GUNASEELAN
CBI
SANCTIONED AND RELEASE HOUSING LOANS TO INELIGIBLE BORROWERS TO THE TUNE OF RS.155.79 LAC IN MATTER OF SYNDICATE BANK
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
32
02-JUN-2023
PALPAP ICHINICHI SOFTWARE INTERNATIONAL LTD.
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
IMPOSED FINE RS.1,00,000
33
02-JUN-2023
PALPAP ICHINICHI SOFTWARE INTERNATIONAL LTD.
PALANIVEL SENTHILKUMAR
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
34
02-JUN-2023
SJS NETWORK & SERVICES PVT.LTD.
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
IMPOSED FINE RS.1,00,000
35
02-JUN-2023
SJS NETWORK & SERVICES PVT.LTD.
R.KARUNANIDHI
T.R.DHANASEKAR
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
36
09-MAY-2023
PUNJAB NATIONAL BANK
R.P.GARG
CBI
AVAILED CREDIT FACILITIES THROUGH FALSE STATEMENTS / DOCUMENTS / INFORMATION TO BANK INCLUDING WITH RESPECT TO SHARE APPLICATION MONEY, FALSE STOCK STATEMENTS AND AUDITED BALANCE SHEETS, STATEMENTS WITH FALSE INFORMATION THEREBY CAUSING A LOSS OF RS.53.82 CRORE TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
37
09-MAY-2023
SHEETAL REFINERIES LTD.
CBI
AVAILED CREDIT FACILITIES THROUGH FALSE STATEMENTS / DOCUMENTS / INFORMATION TO BANK INCLUDING WITH RESPECT TO SHARE APPLICATION MONEY, FALSE STOCK STATEMENTS AND AUDITED BALANCE SHEETS, STATEMENTS WITH FALSE INFORMATION THEREBY CAUSING A LOSS OF RS.53.82 CRORE TO PUNJAB NATIONAL BANK
IMPOSED FINE RS.2,00,000
38
09-MAY-2023
SHEETAL REFINERIES LTD.
MANISH BHURARIA
JITENDER KUMAR AGARWAL
SUDHIR BHURARIA
CBI
AVAILED CREDIT FACILITIES THROUGH FALSE STATEMENTS / DOCUMENTS / INFORMATION TO BANK INCLUDING WITH RESPECT TO SHARE APPLICATION MONEY, FALSE STOCK STATEMENTS AND AUDITED BALANCE SHEETS, STATEMENTS WITH FALSE INFORMATION THEREBY CAUSING A LOSS OF RS.53.82 CRORE TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
39
10-APR-2023
BANK OF MAHARASHTRA
D.R.DESHPANDE
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
40
10-APR-2023
CAT COSMETICS & HEALTHCARE PVT.LTD.
MANOJ B.SHAH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE 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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