ED unearths bribe racket involving top executives of 40 PSUs, banks & companies
Enforcement Directorate has uncovered a bribery racket involving executives from at least 40 public sector undertakings and banks. This scheme involved laundering corporate social responsibility funds through multiple trusts operated by a fake doctor. The fake doctor has been impersonating a medical professional for nearly three decades while receiving substantial donations. Investigations…
The Enforcement Directorate (ED) has uncovered a bribery scheme involving the top executives of 40 public sector undertakings and government banks, as well as some corporate houses, according to a report. The scheme allegedly involved the siphoning off and laundering of hundreds of crores of corporate social responsibility (CSR) funds through multiple charities promoted by a class XII dropout who impersonated a medical doctor for nearly three decades.
The fake doctor, Dharmendra Kumar Chandradev, received CSR donations in his trusts, which were then returned to the donors in cash after the ED retained their commissions. Searches conducted by the ED across eight locations in Maharashtra, Bengal, Gujarat, and Delhi-NCR seized evidence and details of transactions related to the scheme, with Rs 21 lakh in unaccounted cash seized.
The ED estimates that Rs 200 crore has been routed through this mechanism, with at least 40 PSUs and public sector banks contributing to the bogus donations.
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