The CBI's parliamentary wing is being blamed for the embarrassment caused to the government in parliament on Wednesday when it claimed that 31 businessmen had fled the country after committing economic frauds.
Replying to a question in Lok Sabha, the ministry of external affairs had given names of 31 persons, who had settled abroad, including Vijay Mallya, Nirav Modi, Mehul Choksi, Jatin Mehta, Sanjay Bhandari and others - and are wanted by Central Bureau of Investigation or the Enforcement Directorate (ED).
The MEA also named Kolkata-based jeweler - Nilesh Parrekh, who cheated a consortium of 25 banks led by the State Bank of India of Rs 2,223 crore, as one of the businessmen "absconding abroad".
However, it turns that Nilesh Parrekh was arrested by CBI on May 8, 2017, at Mumbai airport when he returned from Dubai.
Since Parrekh is still in India and is out on bail, the inclusion of his name in the absconders' list is factually incorrect. Further, since the MEA parliamentary reply was based on the information provided by the CBI, the latter is said to have been hauled up for its sloppiness.
CBI had registered a case against Nilesh Parrekh and his company Shri Ganesh Jewellery House in July 2016 after it was found that he had diverted money taken from the banks to Hong Kong, Singapore, and the UAE.
His company allegedly availed import finance from one member bank of the consortium for import of gold; but after manufacturing of gold jewellery, they were availing export finance from another member bank so that the proceeds of export could not be realised by the banks to pay off the liability of import finance, said a CBI officer.
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CBI's inaccurate data embarrasses Govt
By IndianMandarins - 2018-03-17 07:30:31
The CBI's parliamentary wing is being blamed for the embarrassment caused to the government in parliament on Wednesday when it claimed that 31 businessmen had fled the country after committing economic frauds.
Replying to a question in Lok Sabha, the ministry of external affairs had given names of 31 persons, who had settled abroad, including Vijay Mallya, Nirav Modi, Mehul Choksi, Jatin Mehta, Sanjay Bhandari and others - and are wanted by Central Bureau of Investigation or the Enforcement Directorate (ED).
The MEA also named Kolkata-based jeweler - Nilesh Parrekh, who cheated a consortium of 25 banks led by the State Bank of India of Rs 2,223 crore, as one of the businessmen "absconding abroad".
However, it turns that Nilesh Parrekh was arrested by CBI on May 8, 2017, at Mumbai airport when he returned from Dubai.
Since Parrekh is still in India and is out on bail, the inclusion of his name in the absconders' list is factually incorrect. Further, since the MEA parliamentary reply was based on the information provided by the CBI, the latter is said to have been hauled up for its sloppiness.
CBI had registered a case against Nilesh Parrekh and his company Shri Ganesh Jewellery House in July 2016 after it was found that he had diverted money taken from the banks to Hong Kong, Singapore, and the UAE.
His company allegedly availed import finance from one member bank of the consortium for import of gold; but after manufacturing of gold jewellery, they were availing export finance from another member bank so that the proceeds of export could not be realised by the banks to pay off the liability of import finance, said a CBI officer.
