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Promoters' bail plea rejected in cheating consortium of banks case

ANI  |  New Delhi [India] 

A on Thursday rejected the bail plea of promoters Sanjay Jain and Rajeev Jain in cheating consortium of banks case.

Earlier this year in April, the (CBI) arrested Sanjay Jain, Rajiv Jain, Rohit Choudhary and Sanjeev Agarwal in connection with cases relating to cheating a consortium of banks to the tune of Rs. 2,240 crore.

According to reports, the duo allegedly used multiple shell companies to launder funds availed through a consortium of banks led by the PNB.

The investigation exposed that Rajeev and Sanjay fraudulently used more than 100 shell companies for round tripping and diversion of funds.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Promoters' bail plea rejected in cheating consortium of banks case

A Delhi Court on Thursday rejected the bail plea of promoters Sanjay Jain and Rajeev Jain in cheating consortium of banks case.Earlier this year in April, the Central Bureau of Investigation (CBI) arrested Sanjay Jain, Rajiv Jain, Rohit Choudhary and Sanjeev Agarwal in connection with cases relating to cheating a consortium of banks to the tune of Rs. 2,240 crore.According to reports, the duo allegedly used multiple shell companies to launder funds availed through a consortium of banks led by the PNB.The CBI investigation exposed that Rajeev and Sanjay fraudulently used more than 100 shell companies for round tripping and diversion of bank funds.

A on Thursday rejected the bail plea of promoters Sanjay Jain and Rajeev Jain in cheating consortium of banks case.

Earlier this year in April, the (CBI) arrested Sanjay Jain, Rajiv Jain, Rohit Choudhary and Sanjeev Agarwal in connection with cases relating to cheating a consortium of banks to the tune of Rs. 2,240 crore.

According to reports, the duo allegedly used multiple shell companies to launder funds availed through a consortium of banks led by the PNB.

The investigation exposed that Rajeev and Sanjay fraudulently used more than 100 shell companies for round tripping and diversion of funds.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Promoters' bail plea rejected in cheating consortium of banks case

A on Thursday rejected the bail plea of promoters Sanjay Jain and Rajeev Jain in cheating consortium of banks case.

Earlier this year in April, the (CBI) arrested Sanjay Jain, Rajiv Jain, Rohit Choudhary and Sanjeev Agarwal in connection with cases relating to cheating a consortium of banks to the tune of Rs. 2,240 crore.

According to reports, the duo allegedly used multiple shell companies to launder funds availed through a consortium of banks led by the PNB.

The investigation exposed that Rajeev and Sanjay fraudulently used more than 100 shell companies for round tripping and diversion of funds.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22