Brahmavart Bank case: Investigations last six years, now payment arrears of seven million euros have been found

abstract

The Income Tax Service has issued a notice requesting information about non-filing of tax returns. 50 crores of the bank are deposited in state security. Even after that, thousands of customers don’t pay their fees.

Fall of the Brahmavart Bank
– Photo:

hear the news

hear the news

In the case of Brahmavart Bank, a new investigation report from the Additional Commissioner and Additional Registrar Cooperative reports arrears of $ 7 billion to bank managers. This new report has raised questions about the investigation into the officers themselves. The investigation into bank fraud has been going on for six years. The liquidator was changed up to four times. The surprising thing is that the bank continues to make a profit even after the bank’s license has been withdrawn.The Income Tax Service has issued a notice requesting information about non-filing of tax returns. 50 crores of the bank are deposited in state security. Even after that, thousands of customers don’t pay their fees. In addition, hundreds of community workers have borrowed 35 billion euros. Questions are asked about its non-recovery. Due to irregularities in the Brahmavart Bank and the NPA accounts, the Reserve Bank ordered the use of liquidators in 2015 by ceasing the bank’s operations. The bank’s license was later revoked on July 3, 2018 for failure to collect loans.

The Reserve Bank had directed the Cooperation Department to initiate the process of returning account holders’ deposits through the use of liquidators. On July 8, the cooperative department opened an investigation by dispatching a liquidator. The investigation found that people connected to the bank management embezzled 39 crores. In this context, the insolvency administrator (debtor) Anshal Kumar had filed charges against 13 including the managers of the Brahmavart Bank at the Govind Nagar police station.

At the same time, investigations were also carried out in the cooperative department. The additional commissioner and additional registrar cooperative Vinay Kumar Mishra investigated. Now, a few days ago, he brought the final report into the investigation. When examining about a hundred pages, the bank managers were debited arrears of seven million euros. While nothing was said about Rs 32 crore. It is speculated that the embezzlement did not take place. At the same time, sources say the bank’s management can go to court if the seven billion arrears are cleared.
Why no customer liability
There are more than 35 thousand account holders in nine branches of the bank. Currently, those account holders who have had arrears of up to one lakh. The money was returned to them. While the big customers’ money got stuck. Sources said bank management provided loans to city workers under the agreement. If the investigator meets with the community leader and carries out the collection, the full amount can be collected. Even after the debt has been settled, the bank has 10 billion rupees left.

FIR has been filed against them
On allegations of embezzlement, the bank’s chief executive officer, Ratanlal Nagar resident Ashutosh Kumar Mishra, his wife, Kiran Mishra, general manager of the bank, the sons of deputy general manager Saurabh Mishra, Dinesh Kumar Dixit, Vinay Pratap, KS Tripathi, Charges have been filed with Sanjay Tripathi, Sanjeev Vs Vajpayee, Vinod Kumar Gangwar, Girish Awasthi, Chandra Mohan Pandey, Satyajit Awasthi and Atul Kumar Shukla.

These liquidators carried out the investigation
The case was initially investigated by Additional District Cooperative Officer (ADCO) Rakesh Kumar, but it was moved after two months. The matter was then investigated by ADCO Umesh Kumar Rathore, Surendra Kumar (Cooperative Inspector Class II), Arvind Kumar Singh. Anshal Kumar is currently investigating.

Detailed

In the case of Brahmavart Bank, a new investigation report from the Additional Commissioner and Additional Registrar Cooperative reports arrears of $ 7 billion to bank managers. This new report has raised questions about the investigation into the officers themselves. The investigation into bank fraud has been going on for six years. The liquidator was changed up to four times. The surprising thing is that the bank continues to make a profit even after the bank’s license has been withdrawn.

The Income Tax Service has issued a notice requesting information about non-filing of tax returns. 50 crores of the bank are deposited in state security. Even after that, thousands of customers don’t pay their fees. In addition, hundreds of community workers have borrowed 35 billion euros. Questions are raised about its non-recovery. Due to irregularities in the Brahmavart Bank and the NPA accounts, the Reserve Bank ordered the use of liquidators in 2015 by ceasing the bank’s operations. Later, on July 3, 2018, the bank’s license was revoked for failure to collect loans.

The Reserve Bank had directed the Cooperation Department to initiate the process of returning account holders’ deposits through the use of liquidators. On July 8, the cooperative department opened an investigation by dispatching a liquidator. The investigation found that people connected to the bank management embezzled 39 crores. In this context, the insolvency administrator (debtor) Anshal Kumar had filed charges against 13 including the managers of the Brahmavart Bank at the Govind Nagar police station.

At the same time, investigations were also carried out in the cooperative department. The additional commissioner and additional registrar cooperative Vinay Kumar Mishra investigated. Now, a few days ago, he brought the final report into the investigation. When examining about a hundred pages, the bank managers were debited arrears of seven million euros. While nothing was said about Rs 32 crore. It is speculated that the embezzlement did not take place. At the same time, sources say the bank’s management can go to court if the seven billion arrears are cleared.

    .

( News Source – Amar Ujala )

Be the first to comment

Leave a Reply