Praveen Garg gets addl charge as CMD, SPMCIL

Senior IAS officer Praveen Garg has been given additional charge as Chairman and Managing Director of state-owned SPMCIL, which produces bank notes, coins, postage stamps, non-judicial stamps and other official documents.
The Centre had in July this year removed M S Rana as CMD of the SPMCIL.
Garg has been given the additional charge of the post for a period of six months with effect from July 12, 2016, an order issued today by Department of Personnel and Training said.
Official sources said Garg has been holding the additional charge as the CMD of the SPMCIL after Rana's removal and only a formal order has been issued today. Garg is Joint Secretary in Department of Economic Affairs.

SPMCIL or Security Printing and Minting Corporation of India Limited, a Miniratna Category-I Central Public Sector Enterprises, is under administrative control of the Finance Ministry.
The decision to remove Rana had come after the Delhi High Court asked the government to take action against him on a Public Interest Litigation (PIL).

The PIL had alleged before the court that Rana was "completely ineligible" for the post and he managed to get appointed by falsely claiming eligibility.
The petition had also claimed that Rana was appointed without the requisite clearance from the Central Vigilance Commission and sought an order removing him from the office as well as a declaration that his appointment was void ab-initio.

The PIL had alleged that the then SPMCIL CMD was involved in several cases of illegal procurement which caused loss to the public exchequer and compromised the economic security of the country.
It had claimed that a show cause notice had been issued to Rana for causing a loss of Rs 100 crore to SPMCIL by wrongly printing the Rs 10 note in 2014 with the signature of ex-RBI Governor D Subbarao.