Saturday 19th, September 2020
canara news

Official S C Jayachandra in judicial custody

Published On : 22 Dec 2016   |  Reported By : Courtesy : DHNS   |  Pic On: Photo credit : DHNS

Bengaluru, DHNS: A CBI special court, on Wednesday, remanded S C Jayachandra, the suspended chief project officer of State Highway Development Project, in judicial custody.

The court had remanded Jayachandra in CBI police custody on December 17, in connection with the seizure of new Rs 2,000 currency notes from his possession.

As the police custody of Jayachandra ended, CBI officials produced Jayachandra before the CBI special court. The court remanded him in judicial custody for 14 days. Jayachandra moved an application seeking bail. The court has posted the hearing to Thursday.

The Anti-corruption Bureau (ACB) has filed a body warrant application seeking the custody of Jayachandra. The ACB sleuths filed the application before the Lokayukta special court. The court has written to the jail superintendent to produce Jayachandra before the court on Thursday.

Jayachandra was first arrested by the Enforcement Directorate in a case under the Prevention of Money Laundering Act. This was after the Income Tax officials seized cash in his possession on November 30. According to the I-T report, Jayachandra possessed Rs 5 lakh in Rs 2,000 currency. Also found possessing new currency notes were contractors Ibrahim Shereef (Rs 4.8 crore), Nazeer Ahmed (Rs 32.7 lakh) and Chandrakanth Ramalingam (Rs 46 lakh). The ED took up a case against Jayachandra after unearthing companies floated by him and lands purchased in the names of his family members. The CBI subsequently registered an FIR against Jayachandra, the contractors and two senior bank officials. Later, ACB booked a case of disproportionate assets against Jayachandra and searched several premises belonging to him.

2 RBI staff
Two Reserve Bank of India (RBI) employees arrested for illegally exchanging old currency notes with new ones have been remanded in judicial custody. Sadananda Naika and A K Kavin, both special assistants in the cash department of RBI, were produced before the CBI court. The CBI had arrested the employees for illegally exchanging Rs 1.99 crore.

The officials had fraudulently given away new currency notes to certain people in violation of the currency exchange limits imposed by RBI.

More News

Claretians Launch Mother’s Meal Global on St Teresa’s Feast Day
Claretians Launch Mother’s Meal Global on St Teresa’s Feast Day
St Mary’s Basilica to Celebrate Feast in Low Key
St Mary’s Basilica to Celebrate Feast in Low Key
Justice Kurian Joseph Inaugurates ‘Mother’s Meal’
Justice Kurian Joseph Inaugurates ‘Mother’s Meal’

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will be held responsible.