CBI files case against bank officials for fraud

The CBI has found Brig MS Dullat involved in a serious money laundering case worth ₹371 crore . He was summoned in the court on 6 Sept, He did not inform DSOI about this. The governing body of DSOI must terminate his membership as per bye rules of DSOI. He is defecto VC of DSOI. It’s shameful to have such dubious characters as members of elite Army clubs.

The Central Bureau of Investigation has registered a case against three then Assistant Managers of the Indian Overseas Bank and others, including a retired Brigadier, for allegedly causing a loss of Rs. 321 crore to the exchequer.

According to the CBI, Brigadier M.S. Dullat (retired), Dinesh Kumar, the then proprietor of Vision Procon, Amanpreet Singh Sodhi of Heights International, Aman and Gaurav Kirpal of Sai Bhakti Impex Pvt. Ltd and Hong Kong-based Colour Wave (HK) Ltd. have been made accused, apart from unknown public servants.

“The accused, in connivance with the branch officials, siphoned off bank funds under the garb of Letters of Comfort in favour of the Hong Kong-based company purportedly issued by officials of the Indian Overseas Bank, Chandigarh, to the Punjab National Bank, Dubai, and the Bank of Baroda, Bahamas,” said CBI spokesperson R.K. Gaur.