Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • The New Feudals

Chargesheet against Reliance Industries

Feb 5, 2012 | Pratirodh Bureau

Central Bureau of Investigation has filed chargesheet against the Mukesh-Ambani led  Reliance Industries in the National Insurance Company Limited (NICL) scam. 

 

As per a national daily, the chargesheet also includes names of four retired employees of NICL including a former CMD. 

 

The CBI has also sought prosecution sanction against five serving NICL employees.
 
Scam
 
Some NICL officials had entered into a criminal conspiracy with a few private telecom provider employees between 2002 and 2004 to cheat NICL in order to cause undue favour and wrongful pecuniary gain to RIL and corresponding loss to NICL.
 
Two MoUs dated December 6, 2002 and June 25, 2003 were entered by RIL incorporating terms favourable to the company and detrimental to NICL. 
 
On the basis of the said agreements, NICL issued two Special Contingency Policies (SCPs) to the Reliance Industries.
 
While issuing the two policies, the NICL officiales violated internal circulars in connivance with RIL officials which led to a huge loss of Rs 273.12 crore.
 
Probe and Charges
 
The CBI started probing the conspiracy in 2005 in reference to the CVC which alleged that irregularities in the issuance of insurance policies by NICL to RIL. 
 
The chargesheet has been filed in a Mumbai Court against all the accused, including the Reliance Industries, under the provisions of the Prevention of Corruption Act for criminal conspiracy and other charges.
 
In its investigation the CBI observed that " the officials of Mumbai Regional office of NICL and Kalyan division office of NICL committed serious illegalities in connivance with officials of the Reliance Industries which resulted into wrongful loss of Rs 273.12 crore."
 
The agency also found that as per NICL circulars premium rates chargeable for laptops/mobile electronic equipments was supposed to be fixed between 1% and 1.5%. 
 
However, in order to cause gains to the Reliance Industries, NICL officials fixed a low premium rate of 0.25 percent. 
 
"NICL officials abused their official position and processed bogus claims amounting to by the RIL without proper verification," the probe report added.

Continue Reading

Previous ‘Mukesh Ambani is biggest ghost of capitalism’
Next Economic growth set to slip below 7 percent

More Stories

  • Featured
  • The New Feudals

क्रान्तिकारी कार्यक्रम का मसविदा

3 years ago PRATIRODH BUREAU
  • The New Feudals
  • World View

खुद को कुशल कारोबारी बताने वाले ट्रम्प को 10 साल में 8073 करोड़ रु. का घाटा हुआ था

3 years ago PRATIRODH BUREAU
  • The New Feudals

प्रियंका गांधी ने बीजेपी पर कसा तंज- बिना होमवर्क के स्कूल आ जाते हैं फिर कहते हैं नेहरू ने मेरा पर्चा ले लिया

3 years ago PRATIRODH BUREAU

Recent Posts

  • Calling Out Racism, In All Its Forms And Garbs
  • Zelenskyy Opens Cannes Film Festival, Links War And Cinema
  • The Rocky Road To Social Media Independence
  • Pollution: Over 23.5 Lakh Premature Deaths In India In 2019
  • Rajiv Gandhi Assassination: SC Orders Release Of Convict
  • Not Allowed To Enter Chandigarh, Farmers Sit On Protest Near border
  • ‘Who Are You?’: SC Questions Locus Of Hindu NGO Office Bearer
  • Borne Becomes France’s Second Woman PM
  • India Rejects Pak’s ‘Farcical’ Resolution On J&K
  • ‘Ban On Wheat Exports Anti-Farmer Move’
  • Shivling Claim An Attempt To Create Communal Disharmony: AIMPLB
  • Farmers Turn To Millets To Fight Water Stress, Climate Change
  • BJP Works To Create Divide, Two Indias: Rahul
  • ‘Cryptos Can Lead To Dollarisation Of Economy’
  • Delhi Turns Into Hot Cauldron At 49 Degrees C
  • Ukraine Opens 1st War Crimes Trial Of Captured Russian Soldier
  • Nuking Pakistan Better Than Giving Power To Thieves: Imran Khan
  • Slain Kashmiri Pandit Cremated Amid Protests Against BJP
  • Climate Change Is Making Floods Worse Too
  • Lessons For Ukraine From The Rohingya Crisis

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

Calling Out Racism, In All Its Forms And Garbs

39 mins ago Shalini
  • Featured

Zelenskyy Opens Cannes Film Festival, Links War And Cinema

8 hours ago Pratirodh Bureau
  • Featured

The Rocky Road To Social Media Independence

8 hours ago Pratirodh Bureau
  • Featured

Pollution: Over 23.5 Lakh Premature Deaths In India In 2019

23 hours ago Pratirodh Bureau
  • Featured

Rajiv Gandhi Assassination: SC Orders Release Of Convict

24 hours ago Pratirodh Bureau

Recent Posts

  • Calling Out Racism, In All Its Forms And Garbs
  • Zelenskyy Opens Cannes Film Festival, Links War And Cinema
  • The Rocky Road To Social Media Independence
  • Pollution: Over 23.5 Lakh Premature Deaths In India In 2019
  • Rajiv Gandhi Assassination: SC Orders Release Of Convict
Copyright © All rights reserved. | CoverNews by AF themes.