Wednesday, 27 October, 2021
HomeIndiaCBI arrests two foreigners in Chennai Port Trust fraud case

CBI arrests two foreigners in Chennai Port Trust fraud case

The Central Bureau of Investigation (CBI) has arrested two foreigners in connection to its probe right into a case of fraudulent foreclosures and withdrawal of fastened deposits belonging to the Chennai Port Belief (CPT).

The arrested people have been recognized as Boussiomo Steve Bertrand Yannick from Cameron and Musasa Ilunga Lucien alias Bo Bo from Congo. The CBI had earlier arrested 9 people within the case.

“The CBI carried out search operations at Ramapuram, Chennai and arrested two overseas nationals. They had been reportedly on pupil visas however couldn’t produce unique passports. In the course of the search, laptop computer, cellphones, digicam, printer and sure paperwork regarding Kamarajar Port Belief, Chennai Port Belief, financial institution fastened deposits and logos of various authorities organizations in India had been discovered,” the CBI spokesperson mentioned.

The CBI had registered a case within the matter on July 31 final 12 months based mostly on a criticism by the Indian Financial institution. The FIR arraigned as accused the then supervisor of Indian Financial institution’s Koyambedu department, Chennai, aside from two non-public people on the allegations of committing fraud, forgery, impersonation with the intention to cheat the financial institution to the tune of over Rs 100 crore.

It was additional alleged {that a} loss to the tune of Rs 45.40 crore was induced to the Indian Financial institution by means of foreclosing a number of time period deposits (fastened deposits) created within the identify of the Chennai Port Belief and in addition transferring/withdrawing the mentioned quantity by way of varied accounts.

“It was additionally alleged that the accused in conspiracy with one another canvassed the Indian Financial institution and the Chennai Port Belief for opening of time period deposits within the Koyembedu department and, accordingly, 45 time period deposits had been created between March 2020 and Could 2020. One of many accused allegedly impersonated himself because the deputy director (finance) of the Chennai Port Belief (CPT) and opened a pretend present account within the identify of the CPT at Koyambedu department of the Indian Financial institution,” the spokesperson mentioned.

In accordance with the CBI, the financial institution created time period deposit receipts (bonds) towards investments made by the CPT and the bonds had been acquired by the accused from the financial institution instantly. As a substitute of delivering unique bonds to the CPT, the accused made duplicate bonds and submitted the cast bonds to the CPT, the CBI mentioned.

The investigation company additional alleged that the accused pre-closed the time period deposits one after the opposite inside a couple of days of the creation of the time period deposits. The cash acquired from the pre-closure of time period deposits was allegedly credited into the pretend present account created within the identify of the CPT by the accused and subsequently transferred to 34 totally different accounts. This cash was withdrawn by 27 account holders and handed over to the accused, the CBI added.

“A complete of Rs 100.57 crore (approx.) was transferred from the CPT in 5 investments, towards which 45 time period deposits of various quantities had been created. Out of the overall quantity invested, Rs 55.19 crore might be saved after the detection of the fraud and the remaining Rs. 45,40,65,000/- had been swindled by the accused. We had earlier arrested 9 individuals on this case and all are in judicial custody. Searches had been additionally carried out earlier at 22 areas unfold throughout Chennai, Tirunelveli, Tuticorin and Nagercoil,” the CBI spokesperson mentioned.

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