CBI ARRESTS AN IGP OF TAMIL NADU IN AN ON-GOING INVESTIGATION IN AN ALLEGED CORRUPTION MATTER

Press Release
New Delhi , 03.05.2012

            The Central Bureau of Investigation has arrested the then Inspector General of Police(West Zone), Tamil Nadu in an on-going investigation relating to two cases of cheating & corruption.

 

            The two cases were registered by CBI on the directions of the Hon'ble High Court of Madras. These cases were earlier registered by CBCID, Tamil Nadu on 15.06.11.

 

            The first case is a cheating case against the three Directors of a private investment company relating to defrauding depositors to the tune of Rs.829 crores(approx) including the promised interest as well as dividends.

 

            The second case arose as a woman missing case when one of the Directors of a private investment company went missing on 08.12.09 on account of alleged harassment by the local police as well as the Investors.

 

            The investigation revealed so far that the woman Director of the private firm had run away when the local Police Officers started harassing & demanding money from the Directors of the Company. It was also alleged that the then IGP West Zone demanded a large sum of money from the accused Directors of the Company through conduits. The accused were assured that they would be helped to tackle problem with depositors if money was paid to the IGP.

 

            The investigation further revealed that a sum of Rs.2.85 crores was allegedly paid to the then IGP(West Zone) through conduits on various dates during the period from 14.12.09 to 10.02.10.

 

            CBI has already filed a preliminary charge-sheet against the Directors of the Company on 07.10.11 U/s 120-B r/w 420 IPC r/w Section 4 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and Section 5 of the Tamil Nadu Protection of Interest of Depositors (In Financial Establishments) Act, 1977 (TNPID). Further investigation of the case is continuing.

 

            The then IGP did not cooperate with the investigation and had approached the Hon'ble High Court of Madras for anticipatory bail which was dismissed on 20.04.12. He was arrested on 02.05.12 from his apartment in New Delhi and taken on Transit Remand for producing before the Jurisdictional Court at Coimbatore.

 

            Further investigation is continuing.

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