The Central Bureau of Investigation has registered 03 separate cases against the accused including private persons; unknown officials of multi-state Co-Op. Societies and unknown public servants. It was alleged that during 2014-2016, huge amount was remitted in FOREX, abroad from the accounts of 09 entities through 08 Nationalized Banks, by submitting fake import documents such as bills of entry, bills of lading etc. without any actual trade. Aspects of Trade Based Money Laundering (TBML), were enquired Bank-wise. It was further alleged that in the instances of TBML related to Bank of Maharashtra, Mumbai, Canara Bank (e-Syndicate Bank), Mumbai and Bank of India, Mumbai, facts emerged from the acts of commission & omission on the part of accused that there was disclosure of cognizable offence committed by them. Amount of Rs.105.27 crore, Rs.41.17 crore and Rs. 8.69 crore were allegedly remitted from the accounts of private companies (all based at Mumbai), maintained with the said 03 Banks without any actual trade, thereby causing loss of foreign exchange to the Government of India.
It was also alleged that the current accounts were opened in the names of firms/ companies, with namesake persons as Proprietor/Directors. Huge cash was allegedly collected from various sources and layered into bank accounts of the said firms. It was further alleged that the Bills of Entry were later forged to show higher USD value than the actual import value and were submitted to the bank.
Searches were conducted at 18 places including in Mumbai, Bhopal etc which led to recovery of cash of Rs. 94.37 lakh (approx) and incriminating documents, electronic gadgets etc.
Investigation is continuing.
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(With input from news agency language)
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