Congress MLA Md Moquim, ex-IAS officer handed 3-year jail for mortgage fraud
3 min readBy Express News Service
BHUBANESWAR: A particular Vigilance courtroom on Thursday handed Congress MLA Md Moquim and dismissed IAS officer Vinod Kumar three years in jail in a 22-year-old mortgage fraud case. Moquim represents Cuttack-Barabati Assembly Segment and his qualification as legislator is now beneath scrutiny advantage of the sentencing by the courtroom.
The Court of Special Judge, Vigilance additionally awarded the identical punishment to director of Metro Builders Private Limited Peeyush Mohanty and former firm secretary of Odisha Rural Housing and Development Corporation (ORHDC) Swosti Ranjan Mohapatra within the case.
The mortgage fraud came about when Kumar was managing director of ORHDC between January 4, 2000 and May 15, 2001. Metro Builders had utilized and was sanctioned a time period mortgage of Rs 1.5 crore from the state PSU for its Metro City-II challenge.
However, when Kumar sanctioned the mortgage, he was neither delegated with monetary powers by board of administrators of ORHDC nor was he authorised to signal the cheques. The proposal to sanction the mortgage in favour of Metro Builders was not positioned earlier than the board of administrators of ORHDC or the mortgage committee for approval.
Site verification was not carried out and paperwork like Bhubaneswar Development Authority’s plan, challenge estimate and fireplace certificates had been solid to avail the mortgage.
3 yr jail for Cong MLA Moquim, former IAS officer
By on October 31, 2007, the excellent quantity of Metro Builders had grown to Rs 6.22 crore. During trial, the prosecution examined 17 witnesses and produced the paperwork to substantiate the fees towards the accused, Vigilance Special Public Prosecutor, Hemant Kumar Swain informed TNIE.
Reacting to the sentencing, the Congress MLA mentioned he has been framed within the case and can enchantment towards the judgement within the High Court. Stating that neither he nor his firm has performed something fallacious, Moquim mentioned out of the Rs 1.5 crore, the corporate has repaid Rs 1.26 crore. “My bail has been granted and I will move High Court against the ruling,” he added.
BHUBANESWAR: A particular Vigilance courtroom on Thursday handed Congress MLA Md Moquim and dismissed IAS officer Vinod Kumar three years in jail in a 22-year-old mortgage fraud case. Moquim represents Cuttack-Barabati Assembly Segment and his qualification as legislator is now beneath scrutiny advantage of the sentencing by the courtroom.
The Court of Special Judge, Vigilance additionally awarded the identical punishment to director of Metro Builders Private Limited Peeyush Mohanty and former firm secretary of Odisha Rural Housing and Development Corporation (ORHDC) Swosti Ranjan Mohapatra within the case.
The mortgage fraud came about when Kumar was managing director of ORHDC between January 4, 2000 and May 15, 2001. Metro Builders had utilized and was sanctioned a time period mortgage of Rs 1.5 crore from the state PSU for its Metro City-II challenge.
However, when Kumar sanctioned the mortgage, he was neither delegated with monetary powers by board of administrators of ORHDC nor was he authorised to signal the cheques. The proposal to sanction the mortgage in favour of Metro Builders was not positioned earlier than the board of administrators of ORHDC or the mortgage committee for approval.
Site verification was not carried out and paperwork like Bhubaneswar Development Authority’s plan, challenge estimate and fireplace certificates had been solid to avail the mortgage.
3 yr jail for Cong MLA Moquim, former IAS officer
By on October 31, 2007, the excellent quantity of Metro Builders had grown to Rs 6.22 crore. During trial, the prosecution examined 17 witnesses and produced the paperwork to substantiate the fees towards the accused, Vigilance Special Public Prosecutor, Hemant Kumar Swain informed TNIE.
Reacting to the sentencing, the Congress MLA mentioned he has been framed within the case and can enchantment towards the judgement within the High Court. Stating that neither he nor his firm has performed something fallacious, Moquim mentioned out of the Rs 1.5 crore, the corporate has repaid Rs 1.26 crore. “My bail has been granted and I will move High Court against the ruling,” he added.
