Press Release New Delhi, 18.03.2015
The Special Judge, CBI Cases, Jaipur (Rajasthan) has today convicted Shri Vishowajeet Arora, then Development Officer of New India Assurance Company,Jaipur and Shri K.Chandarsakher, then Managing Director & Shri N.K. Modi, then Executive Officer, both of M/s Rishab Special Abu Road and sentenced them to undergo three years Rigorous Imprisonment with fine of Rs.5000/-. CBI had registered a case against Shri Vishowajeet Arora, Development Officer, New India Assurance Company Ltd., Tonk Road, Jaipur; Shri K.Chandarsakher, Managing Director & Shri N.K.Modi, Executive Officer, both of M/s Rishab Special Abu Road on the allegation that Shri Vishowajeet Arora while working as Development Officer, New India Assurance Company Ltd., Tonk Road, Jaipur during the year 1993-94 entered into criminal conspiracy with Shri K.Chandarsakher, Managing Director & Shri N.K.Modi, Executive Officer, both of M/s Rishab Special Yard, Abu Road and cheated the New India Assurance Company Ltd. to the tune of Rs.14, 967/- (approx) and Rs.1485/-(approx). After completion of the investigation, chargesheet was filed in the court of Special Judge, CBI Cases, Jaipur on 28.11.1996 against Shri Vishowajeet Arora, then Development Officer; Shri K.Chandarsakher, then Managing Director and Shri N.K.Modi, then Executive Officer, both of M/s Rishab Special, Abu Road on the allegation that accused Vishowajeet Arora issued a cover note on 27.07.93 for insurance of a car of Shri K.Chandrasakher for a period from 28.07.93 to 27.07.94. The said car had met with an accident on 26.07.93 at Abu Road. It was found that no accident took place and thus caused loss to the Insurance Company. However, the said car was not insured on that date. The Trial Court framed the charges against the accused persons U/s 120-B, 420, 468, 471, 477-A IP/c & 13(2)(d) of PC Act, 1988 and found the accused guilty.
https://cbi.nic.in/pressreleases/pr_2015-03-18-1.php
An honest citizen of India observes:-
The person allegedly involved in the corrupt practice became a union leader of a powerful association in the insurance company.
Due to clout of association his suspension was revoked and it is presumed that as on the date of judgment he was serving the NIACL,a Public Sector General insurance Company .
A. R. Sekar the then chairman of the insurance company was actually seen in the attached photo with a well known bribe taker(26019) association leader of the insurance company at Jaipur as on 20.7.2012