CBI officer in Bank of Baroda scam probe sent back to cadre

NEW DELHI: Senior IPS officer Madhup Kumar Tiwari, who was involved in a probe into alleged fraudulent transactions of Rs 6,100 crore to Hong Kong through a Bank of Baroda branch here, has been sent back to his cadre before the completion of his tenure.

The competent authority has given approval to the premature repatriation of Tiwari, a 1995 batch IPS officer of Union Territory cadre, with immediate effect, an order issued by Department of Personnel and Training said.

Tiwari was working as Deputy Inspector General in Central Bureau of Investigation ( CBI) looking after Bhopal zone which is probing Vyapam scam, among others.

He had joined CBI in 2013 and worked in Special Crime, and Banking Securities and Frauds Cell of the agency as DIG. He had also looked after the forex scam case in which Rs 6,100 crore were allegedly transferred through nearly 8,000 transactions carried out between July 2014 and July last year.

The transaction is believed to be trade--based money laundering as the amount was transferred in garb of payments for imports that never took place.