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Hindustan Times
15-07-2025
- Hindustan Times
Chhattisgarh: 14 govt officials booked in ₹7 cr tendupatta financial fraud case
A chargesheet was filed on Tuesday by the Chhattisgarh State Economic Offenses Investigation Bureau (EoW) in a financial fraud case involving the embezzlement of funds meant for tendupatta (tendu leaf) collectors in Sukma district of Bastar. The accused officials allegedly conspired to divert a large portion of this amount by preparing forged documents. (Image sourced from India Fellow website) The EoW officials said that the case involves the misuse of approximately ₹7 crore intended as incentive wages for forest produce collectors during the 2021 and 2022 tendupatta seasons. The accused officials allegedly conspired to divert a large portion of this amount by preparing forged documents and using them as genuine records. So far, misappropriation of ₹3.92 crore has been confirmed across eight remote primary forest produce cooperative societies out of the 17 committees under investigation. Also Read: Ex-sarpanch booked for 'embezzlement' of panchayat funds The chargesheet, running over 4,500 pages, was submitted on Tuesday in the special anti-corruption court in Dantewada against 14 government officials. Tendupatta collection is a vital source of livelihood for tribal communities in this heavily forested and insurgency-hit region. Many families in Bastar depend entirely on tendupatta wages for their survival. During the investigation, EoW officers travelled to several remote and inaccessible locations including Madaiaguda, Golapalli, Kistaram, Jagargunda, Chintalnar, Chintagufa, Bhejji, Konta, and Polampalli to record statements from villagers. The case has been registered under the Indian Penal Code (IPC) Sections 409 (criminal breach of trust), 467, 468, 471 (forgery and use of forged documents), and 120B (criminal conspiracy), along with provisions of the Prevention of Corruption Act, 1988 as amended in 2018. The investigation into the remaining nine cooperative societies is still underway.
Time of India
31-05-2025
- Business
- Time of India
Anchor Group's Hemang Shah released by Bombay HC in case stemming from family dispute
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Bombay High Court on late Friday night, directed the release of Hemang Jadavji Shah, Anchor Group director, observing that the arrest by the Economic Offences Wing (EOW) of the Mumbai police earlier this month was 'illegal'.The division bench of Justice Gauri Godse and Justice Somasekhar Sundaresan, while declaring the arrest illegal and unnecessary, ordered his immediate release.'We did not find any such tearing hurry to initiate action to take the petitioner into custody with such zeal and enthusiasm,' the court observed in its 27-page detailed order. '...there is a violation of the petitioner's right guaranteed under Article 21 of the Constitution of India ,' observed the genesis of the dispute lies in the complaint filed by Shah's brother, Mehul and their father at the Economic Offence Wing (EoW) at Malabar Hill Police Station, regarding certain alleged financial misappropriation and criminal breach of trust The complaint filed at the EoW alleged financial transactions were undertaken between 2020 and 2025 under the garb of investments in mutual funds to seek higher Advocate Ravi Prakash, along with Munaf Virjee, Managing Partner of AMR Law, appeared for Hemang Shah and argued before the court that the arrest of the petitioner was illegal in the facts and circumstances of this present case and violates the fundamental rights of the petitioner under Article 22 (2) of the Constitution of Shah family-owned Anchor Group launched GreatWhite switches to challenge a brand it created four decades ago and sold to Panasonic (then Matsushita Electric Works) for Rs 2,000 crore in in 1963 by Shah brothers Damjibhai and Jadavjibhai, is now managed by their sons. Late Damjibhai's sons, Atul and Sanjay, handle Anchor Health & Beauty Care and Jadavjibhai's sons, Mehul and Hemang, oversee businesses such as real estate, paints and writing instruments.
Time of India
30-04-2025
- Time of India
4 Kolhapur district cooperative bank employees arrested for siphoning Rs 3.2 crore from depositors' accounts
Kolhapur: The Economic Offences Wing (EoW) of the Kolhapur police arrested four employees of the Warananagar branch of the Kolhapur District Central Cooperative Bank. They were booked for allegedly siphoning off Rs 3.2 crore from various bank accounts between July 2021 and Aug 2024. Tired of too many ads? go ad free now The alleged fraud was discovered during the know your customer (KYC) auditing of the accounts. The employees, including the bank manager, could not provide documents verifying the KYC details of the accounts from which the money was allegedly siphoned off. The bank manager is on the run, while four employees — clerk Mukesh Patil, cashier Shivaji Patil, and assistants Meenakshi Kamble and Sharif Mulla — were arrested. The deputy manager of the KDCC Bank , Balaso Belawalekar, registered the complaint after the audit. Suvarna Patki, deputy superintendent of police (EoW), is leading the investigation. Police stated the accused opened bogus accounts for beneficiaries of govt schemes. They also withdrew amounts from salaries by forging signatures on payslips and cheques. They used user identification numbers and passwords to transfer the amount. The police found that the five accused worked in coordination to commit the crime. The accused branch manager, Tanaji Powar, is on the run, and a police team has been deployed to trace and arrest him. KDCC bank has a strong balance sheet among the district central cooperative banks in Maharashtra. It lends credits for agriculture operations, provides banking services to salaried employees and beneficiaries of various schemes. Tired of too many ads? go ad free now The alleged fraud has dented the image of the bank. Chairman of the bank, minister Hasan Mushrif, has asked the top officials of the bank to dig out such criminal fraud cases, if any, from other branches of the bank and book them without delays.
