The Anti Corruption Branch of the Central Bureau of Investigation (CBI) ordered the former branch head of IDBI Bank, Nagaon, Ratnam Bhattacharjee and others to appear before the Deputy Superintendent of Police RK Shivanna on September 9th, 2019 in connection with an alleged fund embezzlement case.
Bhattacharjee and some other employees had allegedly availed subsidy money released by State Institute of Rural Development (SIRD) and loans from IDBI Bank, Nagaon Branch under Chief Minister’s Jeevan Jyoti Sewa Yojana sponsored by SIRD, Assam during the period 2015-17 for self-employment
On August 16th, 2019, the CBI had registered a criminal case (No RC01720170004) against Bhattacharjee and others under sections 120B, 420 and 477A of the Indian Penal Code (IPC) and section 13(2) r/w 13(1)(d) of the Prevention of Corruption Act, 1988 based on the complaint preferred by IDBI Bank Ltd.
Bhattacharjee and others were ordered to furnish all documents pertaining to the utilisation of the funds received, such as purchase details of the machinery, vehicle, equipment, etc., details of supplier from whom they had procured the machinery, vehicle, equipment, if any, details of payments made to the supplier and the address of the unit established under the said scheme to the Deputy Superintendent of Police RK Shivanna on September 9th, 2019. In connection to this, a notice was issued on August 26th, 2019.
Photo credit: Jagran Josh