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HC orders CBI probe in Rs 570 crore seizure

CBI to conduct preliminary enquiry in transfer of Rs 570 crore during Tamil Nadu elections

Policy Pulse
Publish Date: Jul 4 2016 3:43PM | Updated Date: Jul 4 2016 3:43PM

HC orders CBI probe in Rs 570 crore seizure

The seizure of Rs 570 Crore from three trucks on May 13 in Tirupur district, the Madras High Court on Monday has directed CBI to conduct a preliminary probe into the complaint by a DMK MP alleging irregularities. 

There was an alleged attempt by The State Bank of India (SBI) to transfer Rs 570 crore from Coimbatore to Visakhapatnam. The amount was seized by officials on poll duty on May 13 in Tirupur district.

The petitioner, DMK MP T K S Elangovan, had alleged that the trucks which carried the cash bore bogus registration numbers and the currency bundles had Axis Bank seal, though it was claimed by State Bank of India.

As per Section 154 of Code of Criminal Procedure, it was CBI’s duty to register a case the moment a cognizable offence is alleged, according to DMK MP. He had alleged that the officials had conspired and created fake documents to claim the money belonged to SBI.

A case has to be registered and if it attracts sections under Prevention of Corruption Act, then they must conduct a preliminary probe, he had argued.

Justice R Subbiah also asked the CBI to get material on complaint and conduct investigation. "If a prima facie case is made out the CBI shall initiate appropriate action in accordance with law," Subbiah said while passing orders on a criminal original petition moved by the DMK represented by its press relations secretary T.K.S. Elangovan.