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B’lore police register case in STCL fraud

The Bangalore City police on Saturday registered a case in the quarter billion dollars scrap fraud.
The scam involved passing off iron ore scrap as nickel and copper scrap.

The Spices Trading Corporation Ltd (STCL), a wholly- owned subsidiary of the State Trading Corporation of India, had lodged a formal complaint with the Bangalore Police three weeks ago against Future Metals Pvt Ltd and Future Exim India Pvt Ltd — the two affiliate/group companies based in Bangalore. “Since the Enforcement Directorate had directed that an FIR should not be filed and sought two months to collect evidence, we were forced to keep mum,” a senior police officer said.

On Saturday, the DCP (Central) instructed the High Grounds police station to file an FIR against the two Bangalore-based firms, its MDs and directors — in all 11 members.

Busan trip

Meanwhile, STCL officials visited Busan in South Korea. The visit was prompted by Merae Metals’ court action.

The company, allegedly in collusion with the two Bangalore companies, approached the Busan District Court seeking an injunction against STCL’s bid to take possession of the consignments on the ground that the shipments belonged to it.

Containers opened

After all the drama, STCL managed to get a handful of containers opened and got to know that the scrap was just iron.

N Lakshmipathy, STCL chief manager, marketing, has given in writing that “everyone was shocked to see the content/cargo was nothing but steel iron scrap”.

TMT bars, broken engine parts of both cars and trucks, iron angles, empty drums, motor stamping, oil pipes, engine fans, fan blades, fan belts, iron parts, rack steel angles, compressed car bodies and huge blocks of rusted cast iron parts formed the consignments.

These had been loaded to maintain the weight and balance the containers.

Source: Deccan Herald

27 comments:

  1. Anonymous said...
     

    neuerth

  2. Anonymous said...
     

    u r right anonymous. Future metals is now Neuerth Group, same owners

  3. Anonymous said...
     

    yes..they are now neuerth group...

  4. Anonymous said...
     

    Yes they are working as Neuerth grp india pvt ltd , and same promoters

  5. Anonymous said...
     

    wht nonsene

  6. Local media said...
     

    Justice has been served, after a long prolonged investigation by the concerned officials, the truth has come to light. All alleged charges have been dropped and Mr. Naveen Sriram has been released. Kudos to his commitment and will to ensure justice to be served.

  7. Deccan Herald said...
     

    Congrats.. Naveen.. Its about time someone took the stand against the corrupt government officials.

    Lets see if the same attention is paid when its a government official under the axe.

  8. Bangalore Mirror said...
     

    Local Media, Deccan Herald you are wrong, do not print wrong and paid news, the case is still strong, because our legal system is so weak, they allowed to travel outside india so that he can destroy the evidence which is left, still They are working as Neuerth India Pvt ltd in Noida.

  9. Anonymous said...
     

    local media, deccan herald you are very wrong, this issue has not come into light, government given Red notice to Mr. Sudheer Sriram, here is the link http://cbi.nic.in/rnotice/A-3136-5_2013.pdf, our judicial system is so slow they cannot catch him all knows that he is angola

  10. Anonymous said...
     

    you seem to have lots of info on the whereabouts... they didn't pay your share...

  11. Anonymous said...
     

    LOL

  12. Anonymous said...
     

    how is that the original post is not available anymore but this is still on

  13. Anonymous said...
     

    ASSHOLES

  14. Anonymous said...
     

    this is stupid.. wont change anything

  15. Anonymous said...
     

    guess lot of haters out there....

    Haters unite...

  16. Anonymous said...
     

    intresting weblink...

  17. Anonymous said...
     

    what is the point of this..... assholes will remain assholes...just like the above asshole

  18. Anonymous said...
     

    u r right...anonymous

  19. Anonymous said...
     

    u r right...anonymous

  20. Anonymous said...
     

    what happened to the govt officers involved in this case...what action was taken on them

  21. Anonymous said...
     

    holy crap is this still going on...

  22. Anonymous said...
     

    Suppose, the bored ones got a job and let this matter to rot

  23. Anonymous said...
     

    XOXOXXXXXXXXXXXXXXXXXXXOXXOOXOXOXOXOXOXO

  24. Anonymous said...
     

    It look like Naveen Sriram has given bribe to CBI officials also like he has given to STCL, still CBI has not taken Sudhir sriram into custody as everybody know still he is in angola roaming freely

  25. Anonymous said...
     

    Not anymore Sudhir has been arrested...suppose it's Naveen turn soon...

  26. Anonymous said...
     

    case has been dropped no evidence found, f u2k the haters.
    truth is the truth, you cant fake lies for long. victory for the truth. All scam nonsence, take it and put it up the a@@ hole. madderchod haters, poor jobless gandu's

  27. Anonymous said...
     

    Rightly said... victory for the truth....


    http://www.newindianexpress.com/cities/bengaluru/CBI-Hits-Roadblock-in-Getting-Man-Extradited/2015/10/29/article3103118.ece

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