Latest news with #Rs1.16
Time of India
3 days ago
- Time of India
NMC Penalises 4,890 For Occupying Public Spaces With Building Material
Nagpur: In a sustained crackdown on public space encroachments, the Nagpur Municipal Corporation (NMC) took action against 4,658 individuals and 232 builders over the past six months for illegally placing construction materials on roads, footpaths, and open plots without permission. This translates to average one to two enforcement actions against builders every single day between January 1 and June 30, 2025. The civic body collected Rs1.16 crore in penalties during this period, targeting both builders and citizens who left construction debris and materials unattended in public areas beyond the permitted time-frame. According to municipal rules, such materials must be cleared within 48 hours of construction or demolition. If not removed even after a notice, the NMC proceeds with punitive action. Under the supervision of municipal commissioner and administrator Abhijeet Chaudhari, the campaign was carried out across all 10 zones with the objective of keeping Nagpur clean and pedestrian-friendly. Builders were fined Rs10,000 each, while individual citizens faced a penalty of Rs2,000. Of the Rs1.16 crore collected, Rs23.2 lakh came from actions against builders alone. The highest number of violations occurred in Laxmi Nagar zone, where 69 builders were penalised Rs6.9 lakh. Dharampeth followed with 45 cases and Rs4.5 lakh in fines, while Dhantoli saw 33 builders paying Rs3.3 lakh. Other zones with notable enforcement included Hanuman Nagar (25 cases), Mangalwari (32), and smaller numbers in Nehru Nagar, Gandhibagh, Satranjipura, Lakadganj, and Ashi Nagar. In addition to the builders, NMC also penalised 4,658 individuals during the same period for similar violations, collecting Rs93.16 lakh from them. Once again, Laxmi Nagar topped the list with 939 citizens who were fined Rs18.78 lakh, followed by Satranjipura (630 people, Rs12.6 lakh) and Ashi Nagar (587 residents, Rs11.74 lakh). The civic administration said the drive will continue to ensure that construction activity does not disrupt public movement or contribute to urban clutter. **Zone-wise Action Against Builders (January 1 – June 30)** | Zone | No. of Builders Penalised | Fine Collected (Rs) | |---------------|---------------------------|---------------------| | Laxmi Nagar | 69 | 6,90,000 | | Dharampeth | 45 | 4,50,000 | | Hanuman Nagar | 25 | 2,50,000 | | Dhantoli | 33 | 3,30,000 | | Nehru Nagar | 8 | 80,000 | | Gandhibagh | 5 | 50,000 | | Satranjipura | 8 | 80,000 | | Lakadganj | 5 | 50,000 | | Ashi Nagar | 2 | 20,000 | | Mangalwari | 32 | 3,20,000 | **Total** | **232** | **23,20,000** |
Indian Express
09-07-2025
- Business
- Indian Express
ED Surat restitutes Rs1.85 crore to SBI in Rs12.12 crore bank ‘fraud' case
The Enforcement Directorate's (ED) Surat Sub Zonal Office has restituted movable properties worth Rs 1.85 crore, including accumulated interest, to the State Bank of India (SBI) in connection with Rs 12.12 crore bank fraud case, registered under the Prevention of Money Laundering Act (PMLA) against M/s Sai Parsad Organics Pvt Ltd and others, said a statement on Wednesday. This restitution of attached properties under the provisions of the PMLA, was made in accordance with the order passed by the Special PMLA Court, Ahmedabad Rural. According to the statement, the ED had initiated its investigation into the matter on the basis of an FIR registered by the Central Bureau of Investigation (CBI), Bank Securities & Fraud Cell (BS&FC), Mumbai, on January 29, 2010. 'Investigation revealed that Manoj Kumar Gupta, formerly the Chief Manager, State Bank of India, Salabatpura Branch, had by his acts of omission and commission fraudulently discounted Letter of Credit in favour of M/s Sai Prasad Organisers Pvt Ltd based on fake documents and transferred Rs 12.12 crore in the account of M/s Sai Prasad Organics Pvt Ltd during the period from October 8, 2009, to October 30, 2009,' said the ED statement. During the course of investigation, Proceeds of Crime amounting to Rs1.16 crore had been attached by the Enforcement Directorate vide Provisional Attachment Order (PAO) dated March 25, 2015 and the adjudicating authority, PMLA, New Delhi, confirmed the said PAO vide its order dated July 6, 2015. Further, a prosecution complaint was also filed before the Special PMLA Court, Ahmedabad, against Manoj Kumar Gupta and others. During the course of trial, an application under the PMLA, seeking restitution of the attached movable properties was filed before the court by the SBI which was not objected to by the ED, as per the statement. Accordingly, the Special PMLA Court, Ahmedabad, allowed the restitution, enabling the return of said valuable assets to the rightful claimant bank, according to the statement.
Business Recorder
05-07-2025
- Business Recorder
Court grants physical remand
ISLAMABAD: A local court on Friday granted a two-day physical remand of three former senior officials of Pakistan Railways' construction wing – Railcop – accused of issuing fake bank guarantees amounting to more than Rs1.16 billion. The Federal Investigation Agency (FIA)'s Anti-Corruption Circle arrested Syed Najam Saeed, the former chief executive officer (CEO) of Railcop, along with Muhammad Zubair Hussain, ex-controller of finance, and Mehrun Nisa, ex-director commercial. The suspects were produced before Duty Magistrate Muhammad Asif Hanjra, where the FIA requested a 10-day remand. However, the court approved only two days. According to investigators, the accused allegedly forged bank guarantees in the names of United Bank Ltd (UBL) and Bank Al Habib to obtain tenders for railway infrastructure projects. The fraudulent activity reportedly resulted in a loss of Rs164.9 million to the national exchequer. Defence counsel argued that the arrests had taken place without due process and questioned why no action had been taken against those who accepted the forged documents. The court rejected the request to discharge the accused. In a separate case, a man accused of murdering a 22-year-old university student of International Islamic University, Islamabad named Eman Afroz at a private hostel in federal capital was remanded in police custody for a further six days. The suspect, identified as Feroz, appeared before Magistrate Hanjra following the completion of an initial two-day remand. Investigators told the court they intend to travel to the city of Jhang to recover the suspect's mobile phone and to carry out forensic analysis on video evidence related to the case. Police had sought a seven-day remand. Copyright Business Recorder, 2025
Business Recorder
03-07-2025
- Business
- Business Recorder
FIA arrests former RAILCOP officials over Rs1.17bn fake bank guarantees scam
The Federal Investigation Agency (FIA) has arrested three former senior officials of RAILCOP, a subsidiary of Pakistan Railways, in a high-profile corruption case involving fake bank guarantees worth over Rs1.16 billion, a statement from the Ministry of Railways said on Thursday. Those arrested include Syed Najam Saeed, former chief executive officer of RAILCOP; Muhammad Zubair Hussain, ex-controller finance and accounts; and Meh Run Nisa, former director of commercial & marketing. The arrests were made by the FIA's Anti-Corruption Circle in Islamabad under FIR No. 37/2025 registered on June 30, according to the statement. The three former executives are accused of colluding with Irfan Hameed Khan, chairman of M/s Indus Valley Industrial Junction (IVIJ), to prepare and submit 14 fake/bogus bank guarantees of United Bank Limited and Bank Al Habib Limited worth Rs1.17 billion in favour of different government departments for participation in tendering processes of development projects. According to the statement, M/s IVIJ received Rs164,969,160/- (nearly Rs165 million) as commission from RAILCOP Islamabad in respect of providing said 14 fake/bogus Bank Guarantees illegally. 'Thus, they caused huge loss to the tune of Rs164,969,160/- to national exchequer,' the ministry said, 'Tomorrow they will be produced in court for remand.' Investigation is underway.
Time of India
27-05-2025
- Business
- Time of India
NMC Fails to Fully Utilise Rs 7 Crore Allocation for Rivers' Cleaning Amid Early Monsoon
1 2 Nagpur: While the early onset of monsoon is wreaking havoc in western Maharashtra, the Nagpur Municipal Corporation (NMC) officials are still in deep slumber. A RTI reply, stating that NMC has used only miniscule part of funds sanctioned for cleaning of rivers across the city has exposed monsoon preparedness claims of the civic body. The NMC has allotted Rs7 crore for cleaning the city's three main rivers — Nag, Pili, and Pora —for the 2024-25 financial year. Of these, only Rs1.33 crore has been spent so far, the reply to a RTI query states. The last couple of years have witnessed many parts of the city getting submerged due to flooding in these three rivers. Still, the civic authority has adopted a lackadaisical approach in clearing the rivers of debris. The RTI reply reveals a disturbing pattern: Year after year, the NMC allocates funds for desilting and riverbed cleaning but fails to utilise the funds fully. In 2020-21, Rs1.5 crore was allocated, of which Rs1.08 crore was utilised. In 2021-22, Rs2 crore was sanctioned, but only Rs1.16 crore was spent. The situation worsened in 2022-23, when only Rs62 lakh of the Rs2 crore allocation was used. In 2023-24, NMC spent Rs1.46 crore of the same Rs2 crore allocated. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The same year saw areas around Ambazari lake and Shankar Nagar getting submerged due to overflowing Nag river after the Sept 23 downpour. Under fire after the flood of Sept 23, 2023, NMC raised the allocation for cleaning the rivers to Rs7 crore for the year 2024-25. But barely 19% has been utilised so far while the pre-monsoon cleaning is far from complete. Last year's monsoon was no different. On July 20, 2024, heavy rainfall submerged around 71 localities, mostly in south-west and south Nagpur, bringing the city to a standstill. Water entered numerous homes and blocked roads for hours. These areas, not traditionally prone to flooding, suffered waterlogging largely due to choked river stretches and neglected stormwater channels. In the past, flooding was largely restricted to settlements along the Nag river. The failure to act despite available funds and ample time has enraged residents and raised alarms about potential disasters. "The monsoon is about to enter Vidarbha. If cleaning is not done now, the same streets will flood again. What excuse will the NMC give then?" asked a resident of Dhantoli, adding, "Why are crores allocated when the funds are going unused?"
