The Enforcement Directorate’s Bhopal Zonal Office has filed a charge sheet against Mark Pius Karari and four others regarding a money laundering case involving Manoj Parmar and his associates. The complaint was presented before the Special Court under the Prevention of Money Laundering Act (PMLA), 2002, in Bhopal. Following this, notices were issued to the accused individuals by the court.
The investigation was initiated based on an FIR filed by the Central Bureau of Investigation (CBI) in Bhopal under various sections of the Indian Penal Code and the Prevention of Corruption Act, 1988. It was discovered that Manoj Parmar, in collusion with the then Branch Manager of Punjab National Bank, obtained loans fraudulently under two government schemes.
In 2016, a total of 18 loans amounting to Rs 6.20 crore were sanctioned using fake applicants, forged documents, and fabricated quotations, with Rs 6.01 crore actually disbursed. Serious procedural violations were uncovered, including disregarding the bank’s loan sanction terms, bypassing second-level approvals, and exceeding the financial powers of the Branch Manager for loan clearances.
The misuse of schemes intended for self-employment led to the diversion of loan funds into accounts of firms controlled by Manoj Parmar and his associates. These funds were then channeled through multiple linked entities to conceal their origin, withdrawn in cash, and used to buy properties in the names of Parmar and others.
