Question : CASES OF MISAPPROPRIATION IN MMTC

(

(a) the cases referred to the CBI / CVC by the MMTC so far on account of misappropriation of gold, irregularities in exports, non- verification of Bank guarantees and unsecured credit extended to customers etc;

(b) the number of cases I which penalties have been imposed on officials / officers; and

(c) the estimated loss of money to the MMTC on account of various cases?

Answer given by the minister

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI OMAR ABDULLAH )

(a) : Break up of the cases referred CBI / CVC by MMTC are as under:-


(i)	Relating to Gold	24
(ii)	Irregularities in exports	3
(iii)	Non-verification of Bank guarantees	1
(iv)	Unsecured Credit extended to customers	5
Total	33

(b) Penalties have been imposed in 26 cases so far.

(c) In three cases, losses of about Rs.2.00 crores were incurred. In the remaining cases, appropriate legal and / or arbitration action is underway. The actual losses can be quatified only after the legal / arbitration actions have been completed.

Question : CASES OF MISAPPROPRIATION IN MMTC

Answer given by the minister

Search

More from COMMERCE AND INDUSTRY

Other Ministries: