New Delhi: The CBI has arrested Income Tax
Commissioner of Agra, Homi Rajvansh, for allegedly cheating
the National Agricultural Cooperative Marketing Federation of
India (NAFED) to the tune of over Rs 167 crore.
Rajvansh, an Indian Revenue Service officer of 1985
batch, who was posted as Additional Managing Director at the
NAFED in 2005 allegedly connived with private parties and
issued loans without seeking any collaterals, according to the
The agency also arrested four others who allegedly
connived with Rajvansh in the cheating case, yesterday.
Those arrested include Lalit Mohan, proprietor of Roshan
Lal Lalit Mohan; Vinod Gupta, Joint MD, Zenith Mining Pvt Ltd;
S K Jain, CMD of Reliance Polycrete Ltd and Daulat Singh
Chauhan, CEO of ITM Impex Pvt Ltd, New Delhi.
The CBI claimed that Mohan was arrested for allegedly
cheating NAFED of 59 crore and Gupta for allegedly cheating
the federation of 90 crore. Jain and Singh allegedly cheated
NAFED of Rs 18.33 crore.