Fake account scam
While the former treasurer and life member Vilas Desai has complained against Chetan Desai, Vinod Phadke and Akbar Mulla, who allegedly opened a fake account in DCB Bank and committed fraud of Rs 2.87 cr, the needle of suspicion also points to many other people.
Firstly, according to the documents, the cheque was received from BCCI on October 23, 2006 but was kept pending for almost six without depositing till April 2007.
On April 12 and account was opened in the DCB Bank and the very next day the Cheque No 1859, of ICICI Bank, Chennai was deposited. Moreover, within a year, on March 29, 2008 the account was closed so that the transactions in the account do not reflect in balance sheet.
Narvekar’s role
Now the question arises about how the then GCA president Dayanand Narvekar, who was BCCI vice-president at that time, not know about the money due from BCCI and it was received? According to a GCA insider, in April 2007, a bank account had been opened by “impersonating and posing” Phadke as president, Dessai as secretary and Mulla as treasurer.
Bank officials’ role
The documents in possession of Herald shockingly do not properly name the introducer on the account opening form. In the introduction column, a name has been scribbled along with a signature which is simply not visible.
For every account opening the name, address and account number of introducer is necessary as per RBI rules.
So Herald questions how the bank manager allowed the account to be opened?
Also, on the documents of Chetan (driving licence copies), Vinod Phadke and Akbar Mulla (Passport copies) have been verified and signed by the then bank manager.
The HAKO SCAM
In this scam, it is alleged that Chetan Desai and Vinod Phadke committed misappropriation of funds to the tune of Rs 26 lakhs.
At this time in 2008, Chetan was the secretary and Phadke was the treasurer and obviously Narvekar was the president. As per GCA bye-laws all payments made are to be placed before the managing committee meetings for their approval.
Documents possessed by Herald reveal that on 14/08/2008, amongst the other cheques, the two cheque payments bearing no 466040 dated 28/05/2008 for an amount of Rs 18 lakhs and Chq no 466401 dated 28/05/2008 of Rs 8 lakhs both of Federal Bank came approval but shockingly the names of the party in whose favour the cheque was issued was left blank.
Inquiries with bank revealed that the cheques were issued in the name of S Rajshekhar and it was encashed by P Sameer. What is shocking is that the bank allows bearer cheque withdrawals of such huge amounts. GCA balance sheets reveal that the amount was to be credited to one M/s Hako Engineering for supply of sports equipments. An email from Hako dated 10/11/2014 revealed that the amount was still pending with GCA.
Hako also confirmed that no cash transactions were carried out with GCA.
