Ref: KVS/Frauds in Cosmos Bank/201819/005
December 3, 2018
IMMEDIATE ATTENTION Dy. Commissioner of Police
Economic Offence Wing
Banking Unit
C P Office Compound
Mumbai – 400001
E-mail: dcpeowzone-mum@mahapolice.gov.in
Sir,
Sub: Complaint
regarding Fraud NPAs – Cooperative Banks – New Age Bank Robbery/ Thuggery in Cosmos Co-operative Bank Limited,
Cosmos Towers, ICS Colony, Ganesh Khind Road, Pune – a multi-state cooperative
bank.
Ref: 1. My complaint letter dated 21/08/2018
2. Letter dated 28/11/2018 from EOW, Mumbai Police.
This
has reference to your letter bearing No. 398/DCP/EOW/2018 dated 28/11/2018 in
response to my original letter dated 21/08/2018.
Let me fist thank you for taking some time after 4 months to write to me on an issue that is of national importance.
You
have stated that since Cosmos Bank is a multi-state cooperative Bank, you have
forwarded the said application to Central Registrar without carrying out any
investigation. Let me state at the outset that it took you 4 months to write
this nonsensical letter just reflects on the state of affairs in the EOW,
Mumbai Police.
The
complaint filed with you along with other agencies is for the fraud committed
by the Directors and the Borrowers on the Bank. The investigation into the
fraud squarely falls within your jurisdiction. If fact, I am attaching the
letter dated 25/08/2018 from Central Registrar of Co-operative Societies, New
Delhi that NPA and fraud surrounding to NPAs falls within the administrative
supervision of RBI, Department of Co-operative Baking Supervision, Mumbai.
However,
the criminal investigation into the lending of crores of rupees as stated in
the list given to you without any collateral or inflated collateral squarely
falls within your jurisdiction or the CBI’s jurisdiction.
It
is fact that you sat over the complaint for 4 months and simply passed it to Central
Registrar who has admittedly no jurisdiction for criminal investigation on a
ground as stated by you is simply bizarre – to say the least.
EOW,
Pune is investigating the frauds against DSK Developers Limited. Directors are
in jail. DSK Developers Limited is incorporated under the central act called
Companies Act, 1956. So by your stunted logic, the matter should have been
dealt with by the Registrar of Companies, Pune or Mumbai and Ministry of
Corporate Affairs, New Delhi! Did you (EOW, Maharashtra Police) write to
Ministry of Corporate Affairs or the Registrar of Companies to investigate the
frauds played by this company? No. By your logic, you should have. It is a
different matter that EOW started investigating only after receiving a flak
from the judiciary.
For
your information, Chatushringi Police, Camp Police and Nigdi Police stations in
Pune are investigating criminal complaints by and against the Bank in some
bogus vehicle loan matters and in one case, forgery of documents allegedly by
the Directors of the Bank. By your logic, these police stations are doing
something that is not within their jurisdiction. Isn’t it? By your logic, the
Hon’ble Bombay High Court is stupid not to understand that EOW, Pune or Pune
Police have no jurisdiction as stated by you to investigate.
Your
reply has forced me to go into the possible reasons for your reluctance and/or
failure to initiate the investigation:
1. You are
incompetent; or
2. You are
influenced by extraneous factors – like pressure from some politicians/higher
ups or extraneous considerations.
There
cannot be any third reason that I can envisage.
Since
you are working as IPS cadre and is promoted based on your
performance/educational qualifications, I am not prepared to infer that you are
incompetent.
The
second point seems plausible and possible. Is there is coercion on you from any
politician or higher authority in Mantralaya not to investigate this complaint?
If that is the case, I request you to kindly reveal the name of that
Minister/Bureaucrat who is prevailing upon you for not initiating any
investigation. If you are unable to disclose the name of such person, will I be
faulted if I were to draw necessary inference on the basis of the remaining
point – i.e. being influenced by some extraneous considerations.
Investigation
into fraud, financial misfeasance, cheating, misappropriation of funds,
diversion of funds, etc. falls within the jurisdiction of you/CBI and no one
else.
I once again
request you to take this matter seriously and initiate investigation into the
fraud loan accounts enumerated by me in my letter dated 21/08/2018. If you are
not in a position to initiate any investigation into the fraud played by the
Directors and the Borrowers on the Bank, kindly
let me know in detail your specific lawful, logical and palatable reasons for
your such inability without any further delay so that I can approach
the other forum/fora to highlight the deep rooted corruption in the system at
various levels and bring this rot to the knowledge of public at large through
the media – both social and main stream to wake you up from your pretended slumber.
Hope you
would take the matter seriously. Needless to say, if you need any information
from me, I shall be pleased to furnish the same in person at a mutually
convenient time.
Thanking you.
Yours
faithfully
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