Mumbai: A Vashi resident, Brian Castellino, accused of cheating, breach of trust and forgery was arrested on Saturday at the Mumbai airport after he landed from Dubai.
Immigration department officials arrested Castellino after his name flashed on the lookout notice (LOC) list. The department then alerted the CBI, which had been looking for him in connection with a cheating case. Castellino has been sent to police custody.
According to a CBI source, R PArora, deputy general manager of Corporation Bank, Thane, had lodged a complaint early this year against Castellino and his wife Rajini, both directors of R-Tec Systems Pvt Ltd. He alleged that the couple had cheated the bank’s Nerul branch by availing undue financial benefits in form of post-shipment finance against 28 fake software export bills covering 35 invoices, without the software actually being exported, causing a loss of Rs 6.82 crore to the bank.
“When he could not be traced, we issued a lookout notice in June. We found he had also cheated Abhyudaya Co-Operative Bank’s Vashi branch of Rs 49.79 crore and Navi Mumbai Co-op Bank of Rs 24.15 lakh,” said an official. But, Castellino is not cooperating, he said. TNN
Courtesy:
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2013/11/24&PageLabel=9&EntityId=Ar00905&ViewMode=HTML
Immigration department officials arrested Castellino after his name flashed on the lookout notice (LOC) list. The department then alerted the CBI, which had been looking for him in connection with a cheating case. Castellino has been sent to police custody.
According to a CBI source, R PArora, deputy general manager of Corporation Bank, Thane, had lodged a complaint early this year against Castellino and his wife Rajini, both directors of R-Tec Systems Pvt Ltd. He alleged that the couple had cheated the bank’s Nerul branch by availing undue financial benefits in form of post-shipment finance against 28 fake software export bills covering 35 invoices, without the software actually being exported, causing a loss of Rs 6.82 crore to the bank.
“When he could not be traced, we issued a lookout notice in June. We found he had also cheated Abhyudaya Co-Operative Bank’s Vashi branch of Rs 49.79 crore and Navi Mumbai Co-op Bank of Rs 24.15 lakh,” said an official. But, Castellino is not cooperating, he said. TNN
Courtesy:
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2013/11/24&PageLabel=9&EntityId=Ar00905&ViewMode=HTML
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