Tag: police

UP police files FIR against SREI promoters, directors

Banking & Finance

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The Uttar Pradesh police has registered a first information report (FIR) against crisis-ridden SREI Group’s promoters and directors of its certain companies for an alleged bank fraud. The FIR was registered at a police station at Kautwali Jaunpur, Uttar Pradesh on the basis of a complaint filed by one Bhupendra Nath.

The Jaunpur police station has now forwarded the matter to the Economic Offences Wing (EOW).

The Jaunpur Police has, in the FIR, named 22 directors and promoters of SREI Group under U/S-420/ 467/ 468/ 471/ 474/ 476/ 323/ 504/ 506/ 511 R/w-120-B of Indian Penal Code.

When contacted, brothers Hemant Kanoria and Sunil Kanoria, former promoters of SREI Infrastructure Finance, said they were not aware of any such FIR.

It maybe recalled that the Reserve Bank of India had, on October 4, superseded the board of SREI Infrastructure Finance Ltd (SIFL) and SREI Equipment Finance Limited, owing to governance concerns and defaults by the the two companies in meeting their various payment obligations. Rajneesh Sharma, Ex- Chief General Manager of Bank of Baroda, was appointed as Administrator of these companies.

FIR COMPLAINT

The FIR has been registered upon the complaint of one Bhupendra Nath who went to Srei-run Jan Suvidha Kendra for some work, and there he was allegedly duped by the employees of Srei. Bhupendra Nath found that many alleged criminal activities were being carried out at the Jan Suvidha Kendra, including bank fraud of more than ₹16,000 crore. He also reported the fact that at the Jan Suvidha Kendras, money was charged at the whims and fancies of the employees and the amount varied from ₹1,000 to ₹2,5000 for the works which are either free or for which a very nominal fee of not more than ₹100 is charged.

Initially, he filed the police complaint and seeing no effective action he approached the court with 4,000-5,000 pages documentary evidence; upon which the Chief Judicial Magistrate ordered the registration of FIR against the accused persons. The 29-pages of the FIR covers detailed methodology as to how the Jan Suvidha Kendras are run and also how the alleged bank fraud to the tune of ₹16,000 crore was perpetrated through such Kendras.

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Protect bank staff, prioritise vax, BFSI News, ET BFSI

Banking & Finance

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MUMBAI: The finance ministry has again written to state governments asking them to put in place a dispensation for vaccinating bank and other financial sector employees. It has also asked the states to protect financial sector employees after incidents of bank staff being manhandles by police enforcing a lockdown came to light.

Debasish Panda, secretary in the department of financial services at the finance ministry, said in a letter to all states’ chief secretaries that the home ministry has categorised the banking industry as a provider of essential services. Since bank employees have to necessarily commute from their homes to offices, and offices must remain physically open, the chief secretaries have been asked to communicate to all district magistrates and police chiefs not to hinder or impede their functioning or movement.

“This letter is very pertinent, and the messaging will help in boosting the morale of bank employees,” said Rajkiran Rai, chairman of the Indian Banks’ Association (IBA). “It sends out a message to everyone that bank employees should be treated with respect,” he added. Earlier this week, videos of police caning a bank employee on his way to work had gone viral and had caused outrage.

In March, the IBA had sought frontline worker status for bank staff. At that time, the association had pointed out that there were around 600 casualties due to Covid among bank employees. Since then, the number of casualties has doubled with the maximum deaths during the last six weeks when the country saw a surge of cases in the second wave.

Although the finance ministry has made requests to states for vaccination of bank employees, some senior executives feel that the communication for priority in vaccination needs to come from the home ministry for states to take cognisance.



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Jobless addict held for robbing Chandigarh State Co-operative Bank, BFSI News, ET BFSI

Banking & Finance

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The police on Thursday claimed to have solved the February 8 Chandigarh State Co-operative Bank robbery with the arrest of an unemployed drug addict.

Harjot Singh, 34, a resident of Phase III-A, Mohali, was nabbed near his house on Wednesday night following a tip-off.

“Armed with a toy pistol, he had robbed Rs 8.65 lakh from Chandigarh State Co-operative Bank. The B Pharma degree holder drove there in his white car, which he parked at the rear of the bank. After executing the heist, he escaped in it. We have recovered the amount, the toy pistol and the car from his house,” said UT SSP Kuldeep Singh Chahal at a presser in Sector 36 police station.

After checking the footage of the CCTV cameras installed in the area, a team led by the ASP (south division) identified and traced the accused.

During lockdown, Harjot had lost his job in marketing sector and started doing drugs. “As he ran out of money, he committed the robbery to fund his drug needs. He thought the robbed cash bag would have about Rs 1 lakh, but panicked on finding Rs 8.65 lakh in it and hid it in his house,” said police.

Harjot would frequent Sector 61 and knew the area. “He is being questioned if anyone else is involved in the robbery. He does not have a criminal background. He lives in Mohali with his wife and two children,” they added.

He was produced before a local court that sent him in two-day police remand.



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