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Union Bank of India files FIR against RVM Steels India Pvt. Ltd. Directors Ridhima Beswal and Sameer Agrawal in Rs.34.28 Crore Fraud Case

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21st May, 2023:

In a major development, Union Bank of India has lodged an FIR against M/s. RVM Steels India Pvt. Ltd., Mrs. Ridhima Beswal, Mr. Sameer Agrawal, and several unidentified individuals for their alleged involvement in criminal conspiracy, cheating, and abuse of official position. The complaint, filed by Mr. Debraj Bag, Deputy General Manager of Union Bank of India’s SAMB Mumbai Branch, accuses the accused of causing a wrongful loss amounting to Rs.34.28 crores to the bank between 2013 and 2015. The Central Bureau of Investigation – CBI STB in Mumbai has received the complaint and initiated an investigation into the matter.

Additional details have emerged regarding the activities of RMW Steel India Pvt Ltd. The company was incorporated in 2004 by Mr. Jiwan Kumar and Mr. Gurinder Kumar with the objective of establishing a steel ingot manufacturing unit in Jaipur. In 2013, Mrs. Ridhima Beswal, the wife of Gaurav Kumar, and Mr. Sameer Agrawal assumed management control of the company by acquiring 100% shareholding. The new promoters had prior experience in the steel industry, with Mrs. Ridhima Beswal previously involved in business activities alongside her father, Mr. Arun Beswal, who was a promoter of M/s Pushpak Marktrade Pvt. Ltd.

To support its operations, the company applied to Union Bank of India’s Nariman Point Branch for a credit facility, including a Letter of Credit (LC) and Cash Credit (CC) limit. Following due processing, the bank sanctioned an LC limit of Rs. 15 crores and cash credit limits of Rs. 20 crores on November 1, 2013. Subsequently, an ad hoc limit of Rs. 5 crores was also sanctioned on September 15, 2014.

The account’s non-performing asset (NPA) status can be traced back to several factors. The branch allowed an excess of Rs. 2.60 crores in the account on April 2, 2014, which was later adjusted on April 11, 2014, with the approval of the authorities. Furthermore, an ad hoc limit of Rs. 5 crores, which was disbursed on October 4, 2014, and due for repayment on January 2, 2015, remained unpaid.

Despite the company’s proposal to set up a rolling mill and its request for an enhanced fund-based limit, the term sheet for the enhancement and term loan was declined on November 11, 2014. Renewal of the account was also pending since 2014 due to the non-submission of required information by the company. The CC limit had been overdue since October 22, 2014, and the ad hoc limit of Rs. 5 crores expired on January 2, 2015, without being adjusted. Additionally, all LCs issued to the company devolved, resulting in a loss of Rs. 15.04 crores in January 2015.

The borrower’s non-compliance with submitting regular operational information and failure to cooperate in branch inspections and renewal processes contributed to the account’s deteriorating status. Moreover, the company was found to be routing transactions through Bank of Baroda, despite holding an account with Union Bank of India. This diversion of funds raised concerns about the company’s intentions and its ability to fulfill its payment obligations.

Based on the irregularities uncovered in the account’s operation and the misuse of financial facilities availed from the bank, serious allegations have been made against the borrower company, its directors, and associates. These allegations include criminal misappropriation of public money through diversion and falsification of documents, a criminal conspiracy to cheat the public exchequer by siphoning funds, and committing fraud and criminal breach of trust through related-party transactions.

The FIR reflects the bank’s determination to address the alleged fraud and hold the responsible parties accountable. The investigation, led by Gulshan Rathi, Deputy Superintendent of Police (STB Mumbai), in collaboration with CBI STB investigators, will gather evidence and scrutinize financial records to build a strong case against the accused.

Union Bank of India has pledged its full cooperation in the investigation and is committed to uncovering the truth behind the alleged fraud. The bank emphasizes the importance of safeguarding public funds and preserving the integrity of the banking system.

As the case progresses, further updates regarding the investigation and any subsequent legal proceedings will be made available. The nation awaits the outcome of this investigation, hoping for justice to be served and stringent measures to be implemented to prevent such financial frauds in the future.

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Mira Bhayandar: Hindu Girl Raped, Blackmailed and Extorted Lakhs by Mohsin Shaikh, Physically Abused by his family in ‘Love Jihad’ Case; FIR filed at Naya Nagar Police Station

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Location: Mira Road, Mumbai

A shocking case of Love Jihad alleged harassment, forced conversion, and physical assault has come to light in Mira Road, Mumbai, as a 26-year-old Hindu woman has filed a detailed First Information Report (FIR) against the accused, Mohsin Shaikh.

According to the victim’s statement in the FIR, the series of events began in September 2023, when Mohsin Shaikh, a Muslim boy and member of a ‘Dhol Tasha Pathak’, approached the victim during Ganesh Chaturthi celebrations in her society. Mohsin initiated contact with the victim, eventually leading to exchanges on social media and sharing of phone numbers.

However, the victim alleges that Mohsin’s intentions took a sinister turn when he began sending her unsolicited messages expressing romantic interest. Despite the victim’s clear refusal to engage in a romantic relationship, Mohsin allegedly visited the victim’s home when she was alone, under the pretext of friendship, and offered her food. After consuming the food, the victim felt dizzy and later woke up to find herself naked, with her clothes in disarray, and feeling pain in her private parts.

Subsequently, Mohsin allegedly used photos and videos of their intimate moments to blackmail the victim into complying with his demands. He allegedly forced the victim to continue physical relations with him, threatened to make the compromising material public, and extorted money and valuables from her, including gold jewelry and cash, amounting to significant sums.

The alleged coercion escalated further when Mohsin reportedly took the victim to various religious places, including Haji Ali Dargah and Mahim Dargah, where he pressured her to convert to Islam. Despite the victim’s repeated refusals, Mohsin allegedly continued to assault her physically and emotionally, and even forcibly administered abortion pills when the victim discovered she was pregnant.

The situation worsened as Mohsin, along with his relatives, allegedly physically assaulted the victim when she attempted to seek help from the police and his family. Despite threats and coercion, the victim has shown immense courage by filing an FIR at Naya Nagar Police Station, detailing the ordeal she has endured, including allegations of love jihad, financial fraud, non-consensual miscarriage, rape, wrongful confinement, and assault.

The case has highlighted the dangers of coercion and manipulation in relationships, and the need for swift and decisive action against those who exploit others. The authorities are urged to conduct a thorough investigation into the matter and ensure that justice is served for the victim.

As the case unfolds, further details are expected to emerge, shedding light on the full extent of the alleged abuse and exploitation endured by the victim. The community stands in solidarity with the victim, offering support and advocating for her rights in this challenging time.

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Indian-Origin Men Arrested in Canada’s Biggest Ever Heist

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Priyal Singh, Mumbai Uncensored:

The recent arrest of Indian-origin men in Canada’s biggest ever heist has captured international attention, shedding light on a high-stakes crime with significant implications. Here are the key details:

Nature of the Heist and Amount Stolen:
The heist, described as Canada’s largest-ever, involved the theft of a staggering amount of cash from a secure facility. Reports indicate that the perpetrators managed to gain unauthorized access to the facility and make off with millions of dollars in cash, making it a meticulously planned and executed operation.

Background of the Arrested Individuals:
The individuals arrested in connection with the heist are of Indian origin, adding a layer of complexity to the case. While specific details about their backgrounds have not been disclosed, authorities have suggested that they may have ties to organized crime networks operating in Canada. Further investigation is underway to unravel the full extent of their involvement and any potential accomplices.

Potential Diplomatic Implications Between India and Canada:
The involvement of individuals of Indian origin in such a high-profile crime could potentially strain diplomatic relations between India and Canada. While the actions of a few individuals should not overshadow the broader relationship between the two countries, incidents like these can impact perceptions and necessitate diplomatic discussions to address concerns.

Overall, the arrest of Indian-origin men in Canada’s biggest ever heist underscores the global reach of organized crime and the challenges faced by law enforcement agencies in combating such activities. As investigations continue and more details emerge, the case is likely to remain in the spotlight, prompting discussions on security measures, cross-border cooperation, and diplomatic relations between India and Canada.

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Arif Shaikh Under Suspect: Father of Missing Hindu Girl Threatens ‘Fast Unto Death’ Over Police Inaction, Questions Sr. PI Prakash Khandekar’s Handling

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Siddhant Mohite, Mumbai Uncensored:

The case of a missing 17-year-old Hindu girl from Santacruz railway station has taken a grave turn as her father gives an ultimatum of ‘Fast Unto Death’ if his daughter is not found soon. The girl has been missing since the 23rd of March, 2024, and her father has been tirelessly searching for her.

An FIR was filed by the father at Vakola Police Station, where he also mentioned a person named Arif Shaikh as a possible suspect. However, the police did not include Arif Shaikh’s name in the FIR. Arif Shaikh is also accused in a POCSO case in Surat, adding to the urgency of finding the missing girl.

Despite the father’s efforts and the seriousness of the case, it has been reported that Senior Police Inspector Prakash Khandekar is not actively focusing on the investigation, causing a delay. This has led to frustration and desperation on the part of the family, as they fear for the safety and well-being of their daughter.

In a bid to pressure the authorities into action, the father has written to the Deputy Commissioner of Police (DCP) expressing his intention to go on a ‘Fast Unto Death’ if his daughter is not found soon. The family’s plea for swift action and justice in this matter highlights the need for urgent attention to cases of missing minors.

Efforts to locate the missing girl are ongoing, and authorities are urged to expedite the investigation to ensure her safe return. The Hindu community stands in solidarity with the family during this difficult time, hoping for a swift and positive resolution to this distressing situation.

We will continue to provide updates on this developing story as more information becomes available.

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