The Central Bureau of Investigation (CBI) has arrested two foreigners in reference to its probe into fraudulent foreclosures and withdrawal of mounted deposits associated to Chennai Port Trust (CPT).
The arrested individuals have been recognized as Busiomo Steve Bertrand Yannick of Cameroon and Moussa Ilunga Lucien alias Bo Bo from Congo. The CBI had earlier arrested 9 individuals on this case.
“The CBI conducted a search operation at Ramapuram in Chennai and arrested two foreign nationals. They were reportedly on student visas but could not produce original passports. During searches, laptops, mobile phones, cameras, printers and some documents belonging to Kamarajar Port Trust, Chennai Port Trust, bank fixed deposits and logos of various government organizations in India were found,” the CBI spokesperson stated.
The CBI had registered a case within the matter on July 31 final yr primarily based on a criticism by Indian Bank. The FIR was framed by the then supervisor of Indian Bank’s Koyambedu department, Chennai apart from two personal individuals on costs of fraud, forgery, impersonation with intent to defraud the financial institution to the tune of over Rs 100 crore.
It was additional alleged that Indian Bank had suffered a lack of Rs 45.40 crore by the use of closing a number of mounted deposits (mounted deposits) created within the identify of Chennai Port Trust and transferring/withdrawing the stated quantity by means of numerous means. Accounts.
“It was also alleged that the accused in conspiracy with each other promoted Indian Bank and Chennai Port Trust to open fixed deposits at Koyambedu branch and accordingly, 45 fixed deposits were created between March 2020 and May 2020. One of the accused allegedly impersonated himself as Deputy Director (Finance) of Chennai Port Trust (CPT) and opened a fake current account in Indian Bank’s Koyambedu branch in the name of CPT,” stated the spokesperson.
According to the CBI, the financial institution created Fixed Deposit Receipts (Bonds) in opposition to the investments made by the CPT and the bonds have been obtained by the accused straight from the financial institution. The CBI stated that as a substitute of giving the unique bonds to the CPT, the accused made duplicate bonds and submitted the solid bonds to the CPT.
The investigating company additional alleged that the accused pre-closed mounted deposits one after the opposite inside a number of days of the creation of the mounted deposit. The cash obtained from pre-closure of mounted deposits was allegedly deposited by the accused in a faux present account maintained within the identify of CPT and subsequently transferred to 34 completely different accounts. The CBI stated that 27 account holders took out this cash and handed it over to the accused.
“A complete of Rs 100.57 crore (roughly) was transferred from CPT in 5 investments, in opposition to which 45 mounted deposits of various quantities have been created. Out of the entire invested quantity, Rs 55.19 crore may very well be saved after detection of fraud and the remaining Rs. 45,40,65,000/- was cheated. We had earlier arrested 9 individuals on this case and all are in judicial custody. Earlier searches have been additionally carried out at 22 places unfold over Chennai, Tirunelveli, Tuticorin and Nagercoil.
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With inputs from TheIndianEXPRESS
