CBI raids at multiple places in Jammu, HP, Jharkhand

Rs 73 cr loan default case of BoI Satwari branch

Excelsior Correspondent
JAMMU, Aug 30: The Central Bureau of Investigations (CBI) today conducted raids at Jhelum Industries Private Limited and Jhelum Infrastructure Projects Private Limited at Gandhi Nagar, Samba, Kandrori in Himachal Pradesh and Dhanabad in Jharkhand in connection with misappropriation of Rs 69 crore worth loans taken from Bank of India (BoI) Satwari branch, which have now touched around Rs 73 crore.
Official sources told the Excelsior that the CBI teams from New Delhi and Jammu jointly conducted raids and searched at the premises of Jhelum Industries Private Limited, Jhelum Infrastructure Projects Private Limited, Gandhi Nagar, Gupta Rice Mill and New Jammu Flour Mill, a factory at Sarore Adda, Samba, Kandrori in Himachal Pradesh and Dhanabad in Jharkhand, all concerns owned by Raj Kumar Mahajan, Radhika Mahajan and Rajat Mahajan of Gandhi Nagar.
The CBI teams in the operations were led by DySP CBI Jammu Prashant Sharma and DySP CBI from New Delhi Mr Jha.
Sources said the proprietors had secured two loans worth Rs 33 crore and Rs 36 crore on the names of Jhelum Industries Private Limited and Jhelum Infrastructure Projects Private Limited from the Bank of India’s Satwari branch by mortgaging one house and one factory, which had reportedly been overvalued.
However, they didn’t refund the loans and turned defaulters. The loans have gone up to around Rs 73 crore, sources said, adding that the Bank of India had lodged written complaint to the Central Bureau of Investigations on the ground that the owners had transferred loan amount from one firm to another, utilized entire Cash Credit Limit and turned defaulter.
During searches at multiple business premises of Raj Kumar Mahajan at Jammu, Himachal Pradesh and Jharkhand, the CBI teams have seized documents pertaining to the loan and diversion of funds.
Two separate First Information Reports (FIRs) have been registered by the CBI in this connection and further investigations were on.
PTI adds from New Delhi:
The CBI today carried out joint surprise checks at 150 places across the country with the vigilance teams of the Central Government departments, Union Territories and Public Sectors Undertakings, officials said.
The exercise is aimed at taking forward Prime Minister Narendra Modi’s message of ease of living, sources said.
Officials said the checks were conducted in Delhi, Jaipur, Jodhpur, Guwahati, Srinagar, Shillong, Chandigarh, Shimla, Chennai, Madurai, Kolkata, Hyderabad, Bengaluru, Mumbai, Pune, Gandhinagar, Goa, Bhopal, Jabalpur, Nagpur, Patna, Ranchi, Ghaziabad, Lucknow and Dehradun.
The CBI officials refused to comment if it was a first such exercise in Srinagar since August 5 when the Centre revoked Jammu and Kashmir’s special status under Article 370.
The special drive was conducted in coordination with Vigilance teams of departments concerned primarily at such points where common citizens or small businessmen feel the maximum pinch of corruption in the government machinery, the officials said.
They said the drive will sensitize all stakeholders about possible avenues of corruption and difficulties common citizens face while seeking services from such departments.
The drive covers only Central Government departments and Central PSUs and Public Sector Banks besides Union Territories as the agency does not have mandate in State Governments unless a notification is issued by the government concerned or an order of a High Court or the Supreme Court.
The departments covered during the surprise checks include the Railways, coal mines, coalfields, medical and health care organizations, customs and FCI.
Other departments were Power, Municipal Corporations, ESIC, Transport, CPWD, Directorate of Estates, Fire Services, Sub Registrar office, GST, Ports, National Highways, DAVP, Airports Authority of India, public sector oil companies, DGFT, public sector banks, ASI, shipping corporation, BSNL, steel PSU, mines and minerals.