Latest news with #EOU
Time of India
3 days ago
- Time of India
Rs 31 cr fraud: EOU registers fresh case against bank manager of private bank
Patna: The Economic Offences Unit (EOU) of Bihar police lodged a fresh case to probe forgery and money laundering charges against former manager of Kotak Mahindra Bank, Sumit Kumar, his associate Shashikant Kumar, and others. During the investigation, it was revealed that Rs 31.93 crore was fraudulently transferred from the bank's account of the district land acquisition officer (DLAO) using forged documents with fake signatures. Manavjit Singh Dhillon, DIG of EOU, confirmed that the case was registered with EOU on Friday, and notices will be sent to the accused for interrogation. "The matter came to light in 2021 when a case was registered against Sumit at Gandhi Maidan police station. He got involved in online betting. He started criminally operating the account and began withdrawing money through cheques. During an audit, it was discovered that he was misappropriating govt funds," he said. The DIG told TOI on Sunday that an internal bank inquiry revealed that Sumit was withdrawing money from the account without the DLAO's signature, signing it himself, and approving it. "Consequently, he was terminated, and a case was filed at the Gandhi Maidan police station in Patna. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo In 2021, the ED took over the case, and during the investigation, money laundering activities were uncovered. It was found that he was using two apps from South Africa and the Philippines for laundering money," Dhillon said. He added: "Fake accounts were opened without the customers' knowledge using their identity cards. Illegal betting money was coming into these accounts, which were opened using customers' Aadhaar cards without their knowledge." They invested funds amounting to Rs 31.93 crore, obtained through deception from DLAO's accounts, into gaming enterprises in South Africa (Betway) and the Philippines (12 Bet). The funds were distributed across 21 accounts in these nations. Following investigations, ED's Patna zonal office joint director Satyakam Dutta filed charges against Sumit, who hails from Ara, and Shashikant from Nalanda's Gagan Diwan mohalla, along with others at the EOU. This fraudulent activity, which occurred before 2019 and was discovered in 2021, involved withdrawals from Kotak Mahindra Bank's Exhibition Road branch. The fraud was exposed when police apprehended one Shubham Kumar Gupta in Feb 2021 for unauthorised RTGS transfers using forged signatures of DLAO. Sumit established accounts for the foreign gaming company's India operations, while Shashikant created multiple company accounts under various names. These accounts facilitated online gaming and betting activities.
Time of India
5 days ago
- Business
- Time of India
Corruption case: EOU raids FCI accountant's premises
Motihari: The Economic Offences Unit (EOU) launched a major operation on Friday morning, raiding six premises linked to Rajesh Kumar , an accountant posted at the Food Corporation of India (FCI) office in Motihari. The searches were carried out at locations in Motihari, Patna, Muzaffarpur and Hajipur, including Kumar's residence, ancestral home and properties belonging to relatives. EOU officials said a detailed investigation into assets and documents was underway and the exact valuation of the seized properties would be disclosed only upon completion of the operation. According to sources, the raids yielded a substantial number of documents, electronic devices, and records linked to suspicious financial transactions. Preliminary findings suggest that Rajesh Kumar may have attempted to launder illicit wealth through cash transactions, investments in real estate and the use of several fake bank accounts. Properties registered in the names of close relatives have also been identified and are currently under examination. A senior EOU official said, "The agency will now analyse the seized documents and digital evidence to trace the sources of Rajesh Kumar's assets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo If the allegations are substantiated, proceedings may be initiated under the Prevention of Money Laundering Act and relevant anti-corruption laws." Motihari: The Economic Offences Unit (EOU) launched a major operation on Friday morning, raiding six premises linked to Rajesh Kumar, an accountant posted at the Food Corporation of India (FCI) office in Motihari. The searches were carried out at locations in Motihari, Patna, Muzaffarpur and Hajipur, including Kumar's residence, ancestral home and properties belonging to relatives. EOU officials said a detailed investigation into assets and documents was underway and the exact valuation of the seized properties would be disclosed only upon completion of the operation. According to sources, the raids yielded a substantial number of documents, electronic devices, and records linked to suspicious financial transactions. Preliminary findings suggest that Rajesh Kumar may have attempted to launder illicit wealth through cash transactions, investments in real estate and the use of several fake bank accounts. Properties registered in the names of close relatives have also been identified and are currently under examination. A senior EOU official said, "The agency will now analyse the seized documents and digital evidence to trace the sources of Rajesh Kumar's assets. If the allegations are substantiated, proceedings may be initiated under the Prevention of Money Laundering Act and relevant anti-corruption laws."
Time of India
19-06-2025
- Politics
- Time of India
State govt to confiscate properties of 52 criminals
Patna: In a sweeping crackdown on organised crime, the state govt has begun the process of seizing properties worth crores from 52 major criminals across the state. The Economic Offences Unit (EOU) has sent detailed dossiers to the Enforcement Directorate (ED) for action under the Prevention of Money Laundering Act (PMLA). The list includes liquor smugglers, sand mafia, land mafias, cybercriminals and fraudsters. According to officials, 18 liquor smugglers alone own properties worth Rs 18 crore while 10 sand mafia members and 10 others accused of murder, extortion and related crimes are linked to assets worth ₹23 crore. ADG (EOU) Nayyar Hasnain Khan said, "Notable cases include four Maoist activists with properties of Rs 2.17 crore, two illegal mill operators with Rs 2.69 crore and three land mafia members holding assets worth Rs 4.93 crore. A cybercriminal's property worth Rs 86 lakh and one fraudster's assets worth Rs 2.03 crore are also under scrutiny." Prominent names include MLA Arun Yadav, accused of serious crimes including murder and rape; liquor smuggler Dhirendra Kumar Singh of Bhojpur; and vehicle-passing mafia kingpin Gulam Mustafa of Kishanganj. "This is one of the largest coordinated operations against black money in Bihar," Khan said.
Time of India
19-06-2025
- Time of India
ED raids multiple states in 2023 Bihar constable recruitment scam probe
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Patna, The Enforcement Directorate on Thursday conducted multi-state searches in connection with a money laundering investigation into an alleged scam in the recruitment of police constables in Bihar during 2023, official sources least a dozen locations of private entities like agents, exam paper leak syndicate members and their associates in Patna and Nalanda in Bihar, Ranchi (Jharkhand), Lucknow (Uttar Pradesh) and Kolkata (West Bengal) were raided under the Prevention of Money Laundering Act (PMLA), the sources said.A press in Kolkata in which the exam papers were printed was also covered by the investigators of the federal probe agency, they masterminds of this alleged scam are the same as that of the NEET UG paper leak 'scam' of 2024, they Bihar Police Constable 2023 recruitment was aimed to fill 21,391 vacancies across various units of the Bihar examination was conducted at 529 centres across 37 districts of Bihar on October 1, 2023 attracting over 18 lakh allegations of the exam paper leak, it was cancelled by the state central selection board of constables (CSBC) on October 3 that money laundering case stems from some Bihar Police (economic offences unit or EOU) FIRs. The ED suspects money laundering in this case as a gang of agents generated "proceeds of crime" (illicit funds) by leaking the exam papers and selling it to aspirants and used the money given by the candidates to create personal Bihar police officials are also under the scanner of the ED, as per the state police had arrested seven private people in this case, including three from West Bengal. An inter-state gang headed by Sanjeev Mukhiya was termed by the police as the perpetrators of this paper has worked as a technical assistant in a government college in Nalanda district. He is currently lodged in judicial Bihar EOU found that an accused named Kaushik Kumar Kar had a Kolkata-based firm, Caltex Multiventure Pvt Ltd, and he was awarded the contract to print and supply the question papers for the constable recruitment it was discovered that Caltex Multiventure Pvt Ltd was a a one-room "shell" company with no employees, and printing and supply of question papers was outsourced to a company named Blessing Secured Press Pvt Ltd, where Kar's wife was a as per the EOU, had allegedly been involved in some earlier question paper leak cases for recruitment exams conducted by the Uttar Pradesh Public Services Commission (UPPSC) in 2019 and the Arunachal Pradesh Public Service Commission (APPSC) in 2022. He went on to establish Blessing Secured Press Pvt EOU said in a statement in 2023 that it noticed "serious" deviations from standard operating procedures regarding the transportation, storage, and handover of question papers by Kar and his of sending the question papers to the state treasury as agreed, Kar's affiliated firms sent them to a warehouse owned by DP World Express Logistic Pvt Ltd in Patna, where they remained for six days without notifying the this period, members of the Sanjeev Mukhiya gang were contacted by Kar, and the question papers were opened and circulated among gang members for further distribution to aspirants, who paid substantial sums for the advance knowledge, as per the the conduct of the examination on October 1 2023, several candidates were caught cheating using electronic devices and other fraudulent methods, leading to the exam's complaints of irregularities prompted the cancellation of the exam and the postponement of tests scheduled for October 7 and October 15 (2023).The NEET-UG is conducted by the National Testing Agency (NTA) for admissions to MBBS, BDS, AYUSH and other related courses in government and private 2024, the exam was conducted on May 5 at 4,750 centres in 571 cities, including 14 abroad. More than 23 lakh candidates appeared for the Bihar Police launched a crackdown after getting inputs of an alleged leak of the paper and it soon snowballed into a major political Union education ministry handed over the probe to the CBI, which had registered several FIRs in the case, taking over probes from different states including Bihar. PTI
Yahoo
07-06-2025
- Yahoo
Air Force sets up new Experimental Operations Unit for Collaborative Combat Aircraft
The U.S. Air Force's 53rd Wing officially elevated its Collaborative Combat Aircraft unit to a fully operational squadron. The new Experimental Operations Unit was formally activated on Thursday, June 5 at Nellis Air Force Base. The unit had previously operated as a detachment under the 53rd Wing, based in Nevada, since 2023. This week's activation as a fully operational squadron comes as the Air Force steps up testing of the first phase of its Collaborative Combat Aircraft (or CCA) program. 'The EOU embodies our commitment to rapid innovation and ensuring our warfighters have the most advanced tools to dominate the future battlespace,' Col. Daniel Lehoski, commander of the 53rd Wing, said in the announcement from the Air Force. 'They are ready to reduce risk in concurrency and deliver capability faster.' CCA development is a part of the sixth-generation Next Generation Air Dominance fighter jet program, which itself started as a Defense Advanced Research Projects Agency (or DARPA) project in 2015. The idea is to create remote controlled aircraft to be essentially uncrewed wingmen for pilots, with each crewed fighter jet able to give commands to the drones. While other branches of the armed forces are working on a greater integration of drones and other uncrewed systems, the Air Force's CCA program is unique in that it would act as an uncrewed force multiplier for crewed aircraft. The program is being developed in two stages, or increments as the Air Force refers to it. Increment 1 is currently testing some of the new aircraft, which were designated the YFQ-42A and the YFQ-44A in March, and made by General Atomics and Anduril, respectively. The new experimental operations unit at Nellis will start with running simulations out of the base's Virtual Warfare Center and the Joint Integrated Test and Training Center. The Air Force's stated plan is to eventually carry out actual flight tests based on those simulations. Lt. Col. Matthew Jensen, head of the Experimental Operations Unit, said that the new squadron's mission is to deliver 'combat-ready capabilities' to the force. 'Our vision is to create a collaborative combat ecosystem that is more agile, adaptable and lethal,' Jensen said. 'This will enable our forces to dominate the future battlespace and achieve decisive advantages in complex, contested environments.' The activation of the experimental operations unit comes only a few weeks after the Air Force began ground testing of CCA systems at Beale Air Force Base in California. Beale was selected as the home for the Air Force's first CCA Aircraft Readiness Unit. Navy SEAL Team 6 operator will be the military's new top enlisted leader Veterans receiving disability payments might have been underpaid, IG finds Guam barracks conditions are 'baffling,' Navy admiral says in email Navy fires admiral in charge of unmanned systems office after investigation The Pentagon wants troops to change duty stations less often
