Dehradun fraudsters cheat 16 banks of crores to buy luxury cars

A gang of fraudsters operating in Dehradun have engineered in what could be the biggest auto loan fraud in Uttarakhand. The activities cover 16 branches of 11 leading banks and the amount is in the region of several crores of rupees.
This has been reported in timesofindia.indiatimes.com dated 23 September 2015.

The money was used to buy 400 cars, including SUVs and luxury ones and the loans were obtained by submitting forged documents. Investigators feel that there are highly-educated and white-collar people involved in this fraud apart from bank staff.
The Special Task Force STF claims to have cracked the case with the arrest of three persons and are trying to assess the magnitude of the fraud. Those arrested have revealed that there are about 12 members in the gang and they had duped the banks of nearly Rs 12-15 crore to purchase 375-400 cars.
The documents furnished to the bank by the gang members to get loans were fake. In fact, they had submitted vehicles papers of a scooter for the purchase of SUVs and luxury cars.
(Image courtesy wikimediacommons.org)

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Old Monk not on the death bed assures Dyer Meakin Breweries

#oldmonk #IMFL There had been rumors doing the rounds that the famous Old Monk brand of rum was on the death bed but, its manufacturers Dyer Meakin Breweries has hastened to assure that it is not being taken off the market and that its production would stop.
This has been reported in timesofindia.indiatimes.com dated 14 July 2015.

The manufacturers have said that the figures are misleading. They have admitted that Sales have dropped in a few South Indian outlets, but have revealed that the brand is not doing badly. Old Monk is still India's favorite rum and it will not die, it is not going anywhere.
It has been hinted that liquor cartels are being formed who are trying to monopolize markets.
Old Monk is the pride of Mohan Meakin and thousands of people, from breweries in Ghaziabad and Himachal Pradesh to its godowns in Dehradun, are involved in the manufacturing of this product.
AS to its history, it was launched in 1954, and held pride of place as the largest selling dark rum in the world and the biggest Indian Made Foreign Liquor (IMFL) brand. Sales figures show that there has been a 54% decline in sales between 2010 and 2014.
(Image courtesy wikimediacommons.org)

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