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CBI books North Central railway officials, private company for using old notes

Vishakha Facilities Management Pvt Ltd was awarded a contract amounting Rs 6.42 crore on October 19 last for mechanised cleaning of train coaches en route to Kanpur Station for three years.

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NEW DELHI: The CBI has booked two North Central Railway officials, an assistant divisional finance manager and a cashier, for allegedly allowing a private company to deposit Rs 32 lakh in old demonetised notes.

According to the CBI FIR, Vishakha Facilities Management Pvt Ltd was awarded a contract amounting Rs 6.42 crore on October 19 last for mechanised cleaning of train coaches en route to Kanpur Station for three years.

The company had to deposit performance guarantee of five per cent of the contract amount within a month, which it did not do till November 16, the FIR alleged.

By then, Rs 1000 and Rs 500 notes had ceased to be legal tenders, following the announcement of Prime Minister Narendra Modi on November 8. The Railways also through an order dated November 9 had stopped accepting these notes.

It is alleged that the authorised signatory of the company entered into a criminal conspiracy with M H Ansari, then assistant divisional finance manager of North Central Railway (Allahabad), Madan Mohan Yadav, then divisional cashier and other unidentified persons.

The FIR added that the company representative allegedly submitted a letter addressed to senior divisional finance manager to deposit Rs 32.10 lakh in cash as performance guarantee which was acknowledged by Ansari who marked it to Yadav.

The representative deposited Rs 32.10 lakh in old currency notes of Rs 1000 and Rs 500.

According to the CBI, Ansari and Yadav abused their official position as public servant and in connivance with the company cheated the central government by depositing the performance guarantee in old invalidated currency notes thus allowing undue pecuniary gains to the company.

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