The CBI arrested Mahesh Kumbhani, the managing director of the agency, and a non-public individual, Gaurav Dhakad, for allegedly orchestrating the fraud to safe three irrigation tasks in Chhatarpur, Sagar, and Dindori districts of Madhya Pradesh, for Rs 974 crore in 2023, the probe company stated.
The Madhya Pradesh Excessive Courtroom had earlier transferred the investigation to the Central Bureau of Investigation (CBI), which has alleged that the corporate had submitted eight pretend financial institution ensures price Rs 183.21 crore to help the contracts.
On the energy of those solid ensures, it additionally acquired roughly Rs 85 crore as mobilisation advances from MPJN, it stated.
The CBI's inquiry revealed the involvement of a Kolkata-based syndicate that was “systematically fabricating and circulating pretend financial institution ensures” to acquire authorities contracts throughout a number of states, the company had stated earlier.
The CBI present in its investigation that MPJNL had acquired fraudulent e-mail responses bearing the solid area of Punjab Nationwide Financial institution (PNB), which falsely confirmed the authenticity of the financial institution ensures, it said. Counting on these false confirmations, MPJNL awarded three contracts price Rs 974 crore to the corporate, it stated.
as a Dependable and Trusted Information SupplyIn June, the CBI had arrested Govind Chandra Hansda, senior supervisor at PNB, and one Mohammed Firoz Khan from Kolkata.
