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Encyclopedia > 1971 Nagarwala scandal
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On May 24, 1971 , Rs 60 lakh was withdrawn from the State Bank of India and given to a “man from Bangladesh” after the chief cashier at the Parliament Street branch in New Delhi got a call purportedly from Indira Gandhi then Prime Minister of India asking him to do so. May 24 is the 144th day of the year in the Gregorian calendar (145th in leap years). ... 1971 (MCMLXXI) was a common year starting on Friday. ... State Bank of India (SBI) (LSE: SBID) is the largest bank in India. ... A parliament is a legislature, especially in those countries whose system of government is based on the Westminster system modelled after that of the United Kingdom. ... This article is about the urban region that is the capital of India. ... This article or section does not cite its references or sources. ...


Later it was found out Rustom Sohrab Nagarwala, a former Indian intelligence agent got the money from Chief Cashier Ved Prakash Malhotra by "mimicking the voice of Mrs. Indira Gandhi" .


The opposition parties suspected that the money belonged to Indira Gandhi .They also alleged that it was not an isolated case.


The investigating officer, D. K. Kashyap, investiging the case was killed in a car attack. Rustom Sohrab Nagarwala died in prison .


A Commission of Inquiry was set up by Janata Party under Justice P. Jaganmohan Reddy on June 9, 1977, to probe into the Nagarwala case. The Janata Party (Peoples Party in Hindi) was an Indian political party that contested the Indian Emergency (1975-77) and became the first political party to defeat the Indian National Congress in the 1977 elections, forming the national government from 1977 to 1980. ... For the album by Ash, see 1977 (album). ...


Justice Jaganmohan Reddy listed four "incontrovertible facts" - one of them being the fact that Indira Gandhi did not have any account in that branch - but concluded that they were not sufficient to hold that the money belonged to her. "There were several lacunae," he said, and listed them. "To supply an answer to these (lacunae) would force me to leave the safe haven of facts which required to be established by evidence and enter the realm of conjectures and speculation." (p. 176).


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