{"id":33385,"date":"2026-10-06T21:21:49","date_gmt":"2026-10-06T21:21:49","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=33385"},"modified":"2026-10-06T21:21:49","modified_gmt":"2026-10-06T21:21:49","slug":"ed-unearths-bribe-racket-involving-top-executives-of-40-psus-banks-companies-india-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=33385","title":{"rendered":"ED unearths bribe racket involving top executives of 40 PSUs, banks &#038; companies | India News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-134749953,imgsize-1282302,width-400,height-225,resizemode-4\/ed-unearths-bribe-racket.jpg\" alt=\"ED unearths bribe racket involving top executives of 40 PSUs, banks &amp; companies\" title=\"The agency seized evidence and details of transactions (representative image)\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"The agency seized evidence and details of transactions (representative image)\">The agency seized evidence and details of transactions (representative image)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: Enforcement Directorate has unearthed a bribery racket involving top executives of at least 40 public sector undertakings and government banks, besides some corporate houses engaged in siphoning off and laundering hundreds of crores of corporate social responsibility (CSR) funds channelled through multiple charities promoted by a class XII dropout, who has been caught impersonating as a medical doctor for close to three decades.<span class=\"id-r-component br\" data-pos=\"2\"\/>According to ED, the fake doctor, Dharmendra Kumar Chandradev, received CSR donations in his multiple trusts registered for the purpose of laundering money meant for charity and exempted from taxation. These funds were further returned back to the &#8220;donor&#8221; in cash, after retaining his commission. The racket involved some corporate houses, hospitals, public sector companies and govt banks. Top executives of these PSUs were heavily bribed for releasing CSR funds.<span class=\"id-r-component br\" data-pos=\"6\"\/>On Oct 1, the central agency carried out searches at eight locations across Maharashtra, Bengal, Gujarat and Delhi-NCR related to these bogus donations cases. The agency seized several pieces of evidence and details of transactions related to PSU executives and corporate hospitals, in addition to Rs 21 lakh in unaccounted cash.<span class=\"id-r-component br\" data-pos=\"8\"\/>&#8220;The CSR mechanism was utilised as a conduit for conversion of accounted funds into unaccounted cash. Funds amounting to Rs 200 crore have been routed through the above mechanism,&#8221; ED has estimated through its preliminary investigation.<span class=\"id-r-component br\" data-pos=\"12\"\/>The agency further said its probe revealed that CSR contributions from corporate houses were &#8220;returned substantially in cash&#8221; to the contributors after deduction of a small commission.<\/p>\n<div data-type=\"in_view\" class=\"  \">\n<div class=\"LEzX4\">\n<div class=\"PmOGb\">\n<p class=\"PSf84\">Share your thoughts in the comments<\/p>\n<\/div>\n<p><button type=\"button\" class=\"sUTYm \">Insightful<\/button><button type=\"button\" class=\"sUTYm \">Agree<\/button><button type=\"button\" class=\"sUTYm \">Disagree<\/button><button type=\"button\" class=\"sUTYm \">Skeptical<\/button><button type=\"button\" class=\"sUTYm \">Concerning<\/button><button type=\"button\" class=\"sUTYm \">Promising<\/button><button type=\"button\" class=\"sUTYm \">Worth Reading<\/button><button type=\"button\" class=\"sUTYm \">Big Development<\/button><\/p>\n<p><textarea class=\"T9MbS\" rows=\"1\" placeholder=\"Add your Thoughts...\"\/><button type=\"button\" class=\"ZW6JD \" disabled=\"\">Post Comment<\/button><\/p>\n<p class=\"swnca\">Be respectful \u00b7 <a href=\"https:\/\/www.indiatimes.com\/termsandcondition\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"gkv0P\">TOI community guidelines<\/a><\/p>\n<\/div>\n<\/div>\n<p><span class=\"id-r-component br\" data-pos=\"15\"\/>Searches have also revealed a network of agents and intermediaries who channelled CSR funds to the trusts, which were thereafter routed through shell entities controlled by market operators. <!-- -->Most of these entities have also been flagged in multiple GST fraud investigations.<span class=\"id-r-component br\" data-pos=\"19\"\/>&#8220;At least 40 PSUs and public sector banks across the country have provided CSR donations to the trusts operated by the accused. Several projects were only partially executed or not executed in proportion to the funds received, while vendor bills were inflated and excess funds routed through bogus or shell entities. Kickbacks and commissions were allegedly paid to intermediaries facilitating the CSR funding,&#8221; ED said.<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/india\/ed-unearths-bribe-racket-involving-top-executives-of-40-psus-banks-companies\/articleshow\/134749954.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agency seized evidence and details of transactions (representative image) NEW DELHI: Enforcement Directorate has unearthed a bribery racket involving top executives of at least 40 public sector undertakings and government banks, besides some corporate houses engaged in siphoning off and laundering hundreds of crores of corporate social responsibility (CSR) funds channelled through multiple charities [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-33385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"The agency seized evidence and details of transactions (representative image) NEW DELHI: Enforcement Directorate has unearthed a bribery racket involving top executives of at least 40 public sector undertakings and government banks, besides some corporate houses engaged in siphoning off and laundering hundreds of crores of corporate social responsibility (CSR) funds channelled through multiple charities [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":2,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/ed-unearths-bribe-racket.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/33385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33385"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/33385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/33386"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}