THE Central Bureau of Investigation (CBI) registered a criminal offence against three persons, including the director and the CFO of the Pune unit of US-based Worldwide Oilfield Machine India LLP, and an automobile dealer from Pune, in connection with the seizure of around Rs 8 crore from bank lockers held by the company.
Understanding the Worldwide Oilfield Machine India LLP case
Since, the FIR also mentions the involvement of ‘unidentified bank officials’ who are suspected to have helped other suspects get old currency converted into new notes.
The Income Tax department had, on December 14 2016, seized around Rs 7.98 crore in new currency notes from 15 lockers of the Worldwide Oilfield Machine India LLP in the Bank of Maharashtra’s Parvati branch. After demonetization introduced the cash seizured. Hence, the I-T department had roped in the CBI and the Enforcement Directorate to probe various aspects of the seized cash.
Investigation of Worldwide Oilfield Machine India LLP
A senior CBI officer said, “The FIR has been registered against Sudhir Puranik, who is the director of the Worldwide Oilfield Machine, and their Chief Financial Officer Mangesh Chhatre. The investigation took place in detail. Satyen Gathani named in FIR. Therefore, he helped the other two for the old currency.
Additionally, the notes converted by the Bank officials. The FIR mentions the involvement of unidentified bank officials in the criminal conspiracy. Under Indian Penal Code for criminal conspiracy the persons booked.
Final Word regarding Worldwide Oilfield Machine India LLP
The Worldwide Oilfield Machine India LLP headquatered in Texas. It’s presence is at eight locations that includes Pune. Its in the field of oil and gas equipment manufacturing. The Pune centre is the major maufacturing centre. It used forged and melted facility of the company. The Pune centre had started its operations in the late 1980s.
Someone answered the company’s landline number calls. It claimed to be the securitypanel of the company. They told the office closed. Ishanya Hyundai runs three showrooms in Pune. The calls to the showrooms went unanswered.
