Mumbai: In one of the highest fines enacting so far, the Special CBI Court was punished and sentenced to 62-year-old Peddar Road “Entrepreneurs” to six years in prison that was strict in fraud 2003 related to the Book of Pass Task (Depb)) Scheme on Monday Enforce a fine of Rs 10.2 Crore.
DEFB is an export incentive scheme.
The main defendant, Krishhan Kumar Gupta, and the others had committed rs 2 crore fraud.
Su Wadgaonkar Special Judge was also punished and Sudhir B Mandal, accused of helping Gupta, up to three years in prison and enforced a fine of Rs 2 Lakh to him.
The other two, separating Bank of India’s employees Vasant M Parkhe, then the cashier was responsible, and Sunil B Jadhav, the Kasir employee later, was sentenced to a one-year imprisonment and each fined Rs 1 Lakh.
The duo was expelled from the service in 2002.
Other defendants were all 60s.
Economic Violations of the CBI Wing (EOW) Special Prosecutor Jitendra Kumar Sharma quoted 51 witnesses to seek penalties on the defendant.
All the defendants came out with a guarantee.
In March 2003, the CBI (EOW) has registered FIR under the parts of the Criminal Code and the prevention of corruption laws based on 11 fictitious, gupta, mandal and customs officials, Mumbai and Bank Indonesia officials who are unknown to India, the exchange branch cotton.
Allegedly Gupta and Mandal, along with customs and bank officials, signed a criminal conspiracy, which is an object to deceive the government by dishonestly claiming “customs weaknesses” from the customs department by sending forged export documents.
The probe agency further accused 11 fictitious companies used to prepare false export documents in their names and by sending these documents to the customs department, 26 customs casting reduced to more than RS 2 Crore obtained.
Allegedly this examination, which was taken in the company’s names, was stored at the Bank of India, Cotton Exchange Branch, in Vijay Trading Co.
Account, an exclusive mandal company, on Gupta instructions.
The Investigation Agency further accused the number of “task weaknesses” cheatly obtained has been utilized by Gupta and Mandal for their wrong advantage.
Furthermore, the alleged Bank of India officials colluded with Gupta and Mandal by receiving the salary duty drabback check issued in the name of 11 fictitious companies.
Dena Court CBI Special Mumbai South ‘Bizman’ Rs 10.2Cr
