Jabalpur’s name was also linked in the fake FD scandal of Rajiv Gandhi Technological University, Bhopal, the capital of Madhya Pradesh. In the bank account details sent by RBL to Smart City on July 5, 2022, the account type was ‘Current’. There was doubt in the process when the bank management was contacted in this matter. Mistakes were also found in the details of interest related amount provided by Kumar Mayank.
The fake FD scandal of Bhopal’s Rajiv Gandhi Technological University is again in the news. This episode has now been linked to the financial scam in Jabalpur Smart City Limited.
Jabalpur Smart City Private Limited had deposited crores of rupees deposited in a government bank in a private bank (RBL) of Indore. The bank management manipulated the savings account into a current account. Smart City has lost Rs 1 crore 31 lakh in this game.
Case registered against the then task manager under other sections including fraud
In this matter, a case has been registered against Kumar Mayank, the then task manager of Vijaynagar branch of RBL Bank Indore, at Madan Mahal police station under other sections including fraud.
Financial scam started in Jabalpur Smart City Limited…
- Kumar Mayank is also accused in the RGPV fake FD case.
- Then he was the task manager of Pipariya branch of RBL Bank.
- Financial irregularities case from 4 March 2022 to 9 June 2023.
- The Task Manager of Vijaynagar branch of RBL Bank Indore gave the proposal.
- Jabalpur Smart City Limited opened savings account in RBL on 24 March 2022.
- The then task manager Kumar Mayank fixed the interest rate at 6.25 percent.
Rs 16 crore 80 lakh 2 thousand 647 transferred to new account of RBL
On March 30, Rs 16 crore 80 lakh 2 thousand 647 was transferred from his account of Indian Bank to the new account of RBL in Smart City. In June this year, Rs 40 crore was transferred to RBL twice from different accounts.
Smart city found cheated in interest with difference in two different prospectus
A difference in the amount was found in two different statement forms. During this period, due to manipulation, Smart City suffered a loss of approximately Rs 1 crore 31 lakh in the form of interest.