Recovery of 8 Crores worth New Notes - CBI Registers Case
THE CBI registered a case against certain persons in connection with the seizure of about 8 Crores worth of new notes in Pune. The CBI FIR mentions that Shri Sudhir Puranik, Director, M/s.Worldwide Oilfield Machine Pvt. Ltd., Pune, Shri Mangesh Annachhatre, Chief Finance Officer, M/s.Worldwide Oilfield Machine Pvt. Ltd., Pune during the period from November and December 2016 entered into criminal conspiracy with Shri Satyen Gathani of M/s.lshanya Hyundai Motors, Pune and unknown officers/officials of Banks and unknown private persons and in pursuance of the said criminal conspiracy illegally and unauthorizedly obtained new GC Notes issued by the Reserve Bank of India to the tune of Rs.7,97,95,500/-, including 39,893 numbers of new GC notes of the denomination of Rs..2000/- and 19 numbers of new GC notes of the denomination of Rs.500/- from unknown Banks and thereby cheated the Government of India.
During the raid conducted by Income Tax on 14.12.2016, these notes have been recovered from 15 Bank lockers maintained at Bank of Maharashtra, Parvati Branch, Pune in the name of M/s. Worldwide Oilfield Machine Pvt. Ltd., Pune. Shri Sudhir Puranik, Director and Shri Mangesh Annachhatre, Chief Finance Officer of M/s.Worldwide Oilfield Machine Pvt. Ltd., Pune obtained the new GC Notes from Shri Sat yen Gathani of M/s. Ishanya Hyundai Motors, Pune, who in turn obtained the same from various sources/banks. In view of the demonetization of currency declared by Government of India on 08.11.2016, the old GC Notes of Rs.1000/- and Rs..500/- were demonetized and new GC Notes of the denomination of Rs.2000/- and Rs.500/- have been issued. These new GC Notes are being circulated through the Banks and Post Offices under the instructions issued by Reserve Bank of India. As per the instructions of RBI, there is restriction on the amount of the withdrawal of money from the account or through ATM and any person cannot withdraw money to the tune of Rs.7,97,95,500/- within such a short span, subsequent to the demonetization.
Therefore, a Regular Case is registered against Shri Sudhir Puranik, Director, M/s.Worldwide Oilfield Machine Pvt. Ltd., Pune and Shri Mangesh Annachhatre, Chief Finance Officer of M/s.Worldwide Oilfield Machine Pvt. Ltd., Pune, Shri Satyen Gathani of M/s.lshanya Hyundai Motors, Pune and unknown officers/officials of Banks and unknown private persons.