CBI registers fraud case against former Madhya Pradesh chief minister’s son, 3 others
BHOPAL: Central Bureau of Investigation (CBI) on
Wednesday booked four persons, including son of former Madhya Pradesh chief
minister Kailash Joshi, for their alleged role in a fraud causing financial loss
to a nationalised insurance company. The agency has also raided residential
premises of the accused.
One of the accused Yogesh Joshi, son of former chief
minister Kailash Joshi, is general manager (storage) of Madhya Pradesh State
Cooperative Marketing Federation Limited (MARKFED), Bhopal.
The agency has booked a development officer and two
agents of New India Assurance Company, Mandideep Branch and Raisen under
section 120-B, 420 of IPC and various sections of Prevention of Corruption (PC)
Act 1988 on the basis of a complaint.
It was alleged that the accused entered into criminal
conspiracy with each other and issued insurance coverage of MARKFED’s stock and
paid commission to the agents and incentive to development officer on the basis
of false certificate issued by GM, MARKFED.
However when tenders were issued, there were clear
instructions to keep agents out of the proceedings. Thus the accused cheated
New India Assurance Company to the tune of Rs 30.46 lakh and corresponding
gains to themselves.
CBI officials said that six premises were raided in
this case, after obtaining search warrants from the Special Judge for CBI
Cases, Bhopal. Some incriminating documents have been seized during the
searches which are under scrutiny.