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CBI chargesheets Mesco's Rita Singh and two others

The Central Bureau of Investigation on Friday charge-sheeted Mesco Group director Rita Singh, her daughter Natasha Singh and a public servant for allegedly cheating United India Insurance Company Ltd of over Rs 69.8 million by fraudulently obtaining fake insurance claims during 1996.

In the charge-sheet filed in a special court in New Delhi, the probe agency has charged Rita, Natasha and one Y V Luthra of the Industrial Finance Corporation of India under Sections 120-B (criminal conspiracy), 420 (cheating), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating), 471 (using as genuine a forged document) of IPC and various other sections of Prevention of Corruption Act.

Rita Singh and her daughter, who were directors of Mideast India Ltd during the relevant time, were arrested last year but later released on bail while Luthra, the then assistant general manager of IFCI, has not been arrested so far.

The case was registered on August 10, 1998 on the allegation that Rita Singh's husband and Mesco Group chairman J K Singh had, in conspiracy with some other persons, cheated various financial institutions, insurance companies, banks, share holders and others to the tune of several million of rupees by forgery and falsification of accounts.

This is the second chargesheet against Rita Singh and Natasha Singh. Earlier, they were charge-sheeted along with J K Singh in July last year for allegedly cheating the Ashok Leyland of Rs 16.8 million.

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