Mumbai man held for concealing Navy scam money
Karishma Kotwal | TNN | Jun 22, 2016, 11.14 PM ISTINDORE: City crime branch officials on Wednesday arrested a Mumbai-based former navy officer for allegedly concealing Rs 25.25 lakh - a portion of Rs 6.33 crore that was siphoned by perpetrators by clearing bills of a fake firm formed in Indore.
The arrest was a result of ongoing investigations into the Navy fake bill scam that was exposed on May 1, after Suresh Hatle, an auditor of Principal Controllers of Defence Accounts (PCDA), was caught from Karwar naval base in Karnataka. Son of a local chartered accountant, a bank manager, an agent and two serving navy accounts officers were earlier arrested for their involvement in the scam.
The investigators were in the process of recovering the money siphoned from the naval accounts. It was found that one Ashok Nagangodkar, a 45-year-old former navy man, had received Rs 25.25 lakh from the accused.
"A police team was sent to Mumbai to recover around Rs 40 lakh from different individuals in Mumbai. Nagangodkar had not replied to the notices and was not presenting himself," additional SP (crime) Vinay Paul said in a release.
On a tip-off that he was in Kalyan West, the team picked up Nagangodkar. He was taken to Khadakpada police station, where he expressed inability to shell out the money, following which he was formally arrested for dishonest or fraudulent removal or concealment of property. He was sent on a police remand till June 27.
Police found that Nagangodkar's assets included a lavish flat, two luxury cars and two offices. His property was being estimated.
The accused of Navy fake bill scam had formed a bogus firm and bank accounts in Indore, produced bills to Karwar naval base of goods supply and received Rs 6.33 crore as payment through banking channels. The money was later distributed.
The arrest was a result of ongoing investigations into the Navy fake bill scam that was exposed on May 1, after Suresh Hatle, an auditor of Principal Controllers of Defence Accounts (PCDA), was caught from Karwar naval base in Karnataka. Son of a local chartered accountant, a bank manager, an agent and two serving navy accounts officers were earlier arrested for their involvement in the scam.
The investigators were in the process of recovering the money siphoned from the naval accounts. It was found that one Ashok Nagangodkar, a 45-year-old former navy man, had received Rs 25.25 lakh from the accused.
"A police team was sent to Mumbai to recover around Rs 40 lakh from different individuals in Mumbai. Nagangodkar had not replied to the notices and was not presenting himself," additional SP (crime) Vinay Paul said in a release.
On a tip-off that he was in Kalyan West, the team picked up Nagangodkar. He was taken to Khadakpada police station, where he expressed inability to shell out the money, following which he was formally arrested for dishonest or fraudulent removal or concealment of property. He was sent on a police remand till June 27.
Police found that Nagangodkar's assets included a lavish flat, two luxury cars and two offices. His property was being estimated.
The accused of Navy fake bill scam had formed a bogus firm and bank accounts in Indore, produced bills to Karwar naval base of goods supply and received Rs 6.33 crore as payment through banking channels. The money was later distributed.
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