The Central Bureau of Investigation (CBI) has registered a first information report (FIR) against the then officials of Union Bank of India and others for allegedly allowing cash deposits of about Rs 85 crore after announcement of demonetisation in violation of norms. The CBI has registered cases under Indian Penal Code (IPC) sections pertaining to criminal conspiracy, cheating, forgery and corruption.
The FIR has been registered against the then Deputy General Manager, Ashok Kumar Dhabhai, and the then Assistant General Manager, K Shivashankarrao, both of Union Bank of India.
Three Mumbai-based jewellers – Rakesh Patel of Pihu Gold, Mayur Deepak Chawla of Satnam Jewellers and Amit Sampat, Director of Pushpak Bullion Pvt Ltd – have also been named in the FIR along with the company Pushpak Bullion.
"It was alleged that between November 15, 2016 and December 26, 2016, huge cash amounting to Rs 47.45 crore (approximately) and Rs 37.15 crore (approximately) were fraudulently shown as deposited in the accounts of two private firms based at Mumbai with Union Bank of India, Zaveri Bazar Branch, Mumbai," CBI Spokesperson RK Gaur said in a statement on Tuesday.
He said the said amounts were further transferred to another firm Pushpak Bullion whose account was also maintained in the said Zaveri Road branch of the bank.
"Huge cash was deposited in the currency chest of bank in old demonetised currency notes purportedly by representative of the said firms in an alleged conspiracy with DGM and AGM. Thus, the accused persons violated the RBI guidelines issued on November 8, 2016," Gaur said.
He said searches were conducted at 12 places including residential and office premises of accused persons which led to recovery of "incriminating documents".
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