Tag Archives: Jaipur

CBI arrests a Chartered Accountant and Businessman in the Syndicate bank scam case

Newsroom24x7 Desk

Syndicate Bank scamNew Delhi: The Central Bureau of Investigation today arrested a Chartered Accountant of Udaipur and a real estate developer of Jaipur in the on-going investigation of a case relating to an alleged loss of Rs. 1000 Crore to Syndicate Bank.

The arrested accused were produced today in the designated court at Jaipur (Rajasthan) and remanded to seven days police custody. During searches conducted in the course of further investigation, Rs. 66 lakh cash; certain electronic hard drives and incriminating documents were recovered from the premises of Chartered Accountant’s employees as the same was allegedly kept by him (Chartered Accountant).

CBI had registered a case on a complaint from Syndicate Bank under sections 120-B read with 409, 420, 467, 468, 471 of IPC and Sec. 13(2) read with 13(1)(c) and (d) of Prevention of Corruption Act, 1988 against a former General Manager, FGM Office, Syndicate Bank, New Delhi; then DGM, Regional Office, Syndicate Bank Jaipur; then Chief Manager, MI Road Branch, Syndicate Bank, Jaipur; then AGM, Malviya Nagar Branch, Syndicate Bank, Jaipur; then AGM, Syndicate Bank, Udaipur; a Chartered Accountant & two private persons from Udaipur; a private person of Jaipur; certain private companies and other unknown public servants & private persons for causing an alleged loss of Rs.1000 crore (approx) to Syndicate Bank.

It was alleged that the accused persons in connivance with the Bank officials committed a fraud of Rs.1000 crore by resorting to discounting of fake cheques & bills against fake letters of credit (LCs) and arranging over-draft limit against non-existent LIC Policies. The said fraud was allegedly committed at branches of Syndicate Bank at Malviya Nagar & MI road branches in Jaipur and Udaipur branch (Rajasthan). It was further alleged that since 2011, the bank officials of said branches at Jaipur & Udaipur colluded with private persons / customers and resorted to discounting of fake cheques, fake Inland Bills and arranging over-draft limit against non-existent LIC polices. The amount involved in individual transactions ranged from Rs. 40 lakhs to Rs. 5 crore but majority of them were in the range of Rs.2.5–4.0 crore. To avoid detection, many of these transactions were nullified from the proceeds of new fraudulent transactions. Searches were also conducted on 08.03.2016 at 10 locations including Jaipur, Udaipur and New Delhi which led to recovery of incriminating documents.

List of 20 would-be smart cities released

Newsroom24x7 Desk

Smart cityNew Delhi : The union government is aggressively working on its dream project of developing Smart Cities in the country. In a move which takes the project a step further, centre has identified and released the top 20 Smart Cities list on Thursday. These shortlisted cities, with Bhubaneswar at the top, have been finalized through a ‘challenge’ (read competition) among the 97 contenders.

The scheme of going forward with this program is thus — each selected city would be given Rs 500 crore over a period of five years by the Centre with the respective states expected to make the matching contribution. Selection of these cities would be accomplished on factors, such as – implementation framework, feasibility and cost-effectiveness, result-orientated approach, citizen participation, smartness of proposal, strategic plan, vision and goals, evidence-based city profiling and key performance indicators and processes followed to reach to fulfilling the criteria. Each of these parameters have been allotted points, which would be summed up and the math would be thus worked out.

Prime Minister Narendra Modi’s Lok Sabha constituency Varanasi failed to make it to the list. Reason — Varanasi ranked way down at 96th position, only ahead of Dehradun which stood at the bottom of the list. However, BJP and associated parties, which constitute a part of NDA-led government in centre, have found place in selection at their respective state-ruled governments too, as 10 cities that have been picked belonged to states ruled by the PM Narendra Modi-led NDA government.

Pune, Ahmedabad, Chennai, Bhopal as also the NDMC area of Delhi feature in the select list. Cities of Jaipur, Surat, Kochi, Jabalpur, Visakhapatnam, Solapur, Davanagere, Indore, Coimbatore, Kakinada, Belagavi, Udaipur, Guwahati and Ludhiana are the other cities selected in the first batch. Eventually, an alltogether of 100 cities are to be developed into Smart Cities as per Prime Minister Narendra Modi’s ambitious program. For this, the Centre has earmarked Rs 48,000 crore and the states will have to contribute an equal amount.

The Smart Cities program sounds promising on features like — strong infrastructure with water and power supply, sanitation and solid waste management systems, efficient urban mobility and public transportation, IT connectivity, e-governance and citizen participation.

ED raids bookies linked with IPL across cities in India

black money

New Delhi: sleuths of the Enforcement Directorate today busted a betting syndicate and raided bookies linked with Indian Premier League (IPL) matches across several cities, including Gurgaon, Delhi Jaipur and Bangalore.

According to available information the ED has registered a case under the Prevention of Money Laundering Act. It is learnt that the bookies were in constant touch with their links in Pakistan and the UK.

Enforcement Directorate had recently busted a betting racket operaing from Vadodra. It remains to be probed whether or not both these rackets have any connection at all.

The betting racket leaves a direct impact on global security as the money generated gets diverted into the illeegal money laundering business.

Massive 7.9 earthquake rocks Nepal, tremors felt in India

Hundreds feared killed in Nepal

Newsroom24x7 Desk

nepal-earthquakeKathmandu/New Delhi/Bhopal: A massive 7.9 earthquake followed by another hit Nepal on Saturday killing hundreds. People in Delhi-NCR, Bhopal, Patna, Jaipur, Kolkata, Ranchi, Gohati and many other places in North-east India also reported strong tremors and after-shocks between 11.40 am and 12.30 pm.

The imposing and historic Dharahara Tower and a few buildings in Kathmandu have collapsed.

In Bhopal, capital of central Indian State of Madhya Pradesh, State Chief Minister Shivraj Singh Chouhan, who was holding a meeting with senior officials in his fifth floor chamber rushed out of Mantralaya (secretariat) as a siren was sounded and the building was vacated as a precaution when tremors were felt. Around 12 noon a Bhopal resident went on his social networking platform sharing with friends that he just felt that his world was rocking..or was it an earthquake. Another friend responded by saying Yes, it was earthquake. It was felt in many parts of the city. Raj Patidar, a well known photographer in Bhopal said mild tremor was felt at Misrod near Bhopal. Reports also said that a couple of walls collapsed in different parts of Bhopal this afternoon

JL Gautam, head of operations (seismology) of the Indian Meteorological Department (IMD) confirmed tremors were felt in North and North-East India.The epicentre of the earthquake on Saturday was about 80 kms East of Pokhra in Nepal and was measured 7.9 on the Richter scale.