BHOPAL: Central Bureau of Investigation (CBI) on Wednesday raided residential premises of five people, including former state chief minister Kailash Joshi’s son Yogesh, and booked them for allegedly causing loss to nationalized insurance company.
Yogesh Joshi is general manager (storage) of Madhya Pradesh State Cooperative Marketing Federation Limited (MARKFED), Bhopal
Agency has also booked a development officer and two agents of New India Assurance Company, Mandideep branch, and Raisen under Section 120-B, 420 of IPC and various sections of Prevention of Corruption (PC) Act 1988.
It was alleged that the accused entered into criminal conspiracy with each other and issued insurance coverage of MARKFED’s Stock and paid commission to agents and incentive to development officer on the basis of false certificate issued by GM, MARKFED.
However when tenders were issued, there were clear instructions to keep agents out of the proceedings. Therefore, the accused duped New India Assurance Company to the tune of Rs 30.46 lakh and corresponding gains to themselves.
CBI officials said six premises were raided after obtaining search warrants from the special judge for CBI cases, Bhopal. Some incriminating documents were also seized during search operation.
Courtesy-Times of India
