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We will not let down the country: CBI on Vyapam

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Bhopal: A 40-member CBI team arrived here on Monday to investigate the Vyapam scam in Madhya Pradesh with its chief affirming that it would try not to disappoint the countrymen.

“We will not let down the country,” said R.P. Agarwal, Central Bureau of Investigation (CBI) joint director, who is heading the probe team which arrived here on Monday and was handed over some investigation-related documents from the Special Task Force (STF).

“The Supreme Court of India has given the responsibility to the CBI to investigate the matter. The probe’s direction will be decided along with the progress in the case,” said Agarwal.

According to sources, CBI officers discussed the case with STF members Kamal Maurya and Rajesh Chandel. During the discussion that was held at the CBI office, some documents were also handed over to the agency officials.

The 40-member CBI team reached Bhopal and began investigations as per the Supreme Court guidelines.

The STF was formed by the Madhya Pradesh government on August 26, 2013. Later, in April, 2014, the Madhya Pradesh High Court ordered the setting up of a special investigation team (SIT) headed by retired Madhya Pradesh judge Chandresh Bhushan to monitor the STF probe.

On July 9, the Supreme Court handed over to the CBI the investigation into the recruitment scam in the Madhya Pradesh Vyavsayik Pareeksha Mandal (Vyapam) and probe into the over 40 deaths linked to it. (IANS)

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The CBI Arrests Two Senior Retired Officers Of Bank Of India

The agency in an FIR had said that the DPIL, which manufactures electric cables and

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The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud. IANS

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank. V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

They said both have been arrested today and will be produced before special court in Ahmedabad tomorrow.The promoters of the company were arrested in April this year. The agency in an FIR had said that the DPIL, which manufactures electric cables and equipment, is promoted by Suresh Narain Bhatnagar and his sons Amit and Sumit, who are also the directors of the firm.

Bank of India
Bank of India. Flickr

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The loan, it said, was declared a non-performing asset in 2016-17. “It is alleged that the DPIL, through its management, fraudulently availed credit facilities from a consortium of 11 banks (both public and private) since 2008, leaving behind an outstanding debit of Rs 2,654.40 crore as of June 29, 2016,” the agency had said. (IANS)

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