Scam Unraveled — Teerth Gopicon Faces Accelerated CBI Probe Amid Court Closure

Image Source: The Hans India

The Madhya Pradesh High Court has officially disposed of writ petitions filed by Teerth Gopicon Ltd and co-petitioner MP Bawaria Ltd, clearing the path for the Central Bureau of Investigation (CBI) to proceed unhindered.

The CBI has been directed to expedite its investigation into the alleged submission of fake bank guarantees worth Rs 183.21 crore by Teerth Gopicon to secure irrigation contracts totaling Rs 974 crore under the Jal-Jeevan Mission.

Investigation Acceleration:

The CBI registered three FIRs on May 9, 2025, following the High Court’s directive.
Raids were conducted across 23 locations in five states, leading to the arrest of a senior Punjab National Bank manager and a Kolkata-based associate.
The agency uncovered a syndicate operating out of Kolkata that fabricated bank guarantees using fake email IDs impersonating PNB.

Corporate Defense & Legal Standpoint:

Teerth Gopicon claimed it was misled by individuals posing as bank officials and filed a complaint at Raoji Bazar Police Station, Indore.
The High Court instructed the company to submit fresh guarantees within a month while pausing punitive action temporarily.

Forward Outlook:

The CBI is expected to conclude its investigation within three months.
Further arrests and forensic audits are anticipated as the agency probes deeper into systemic procurement lapses and digital identity misuse.
Closing Note: This case underscores the urgent need for robust verification protocols in public contracting and tighter cybersecurity in banking operations.

Sources: The Hans India , Economic Times Free Press Journal , Indian Express (July 23, 2025)