CBI sources said FIR has been registered against Vaghela, former NTC CMD Ramachandran Pillai, and others for allegedly causing a Rs 709 RPT Rs 709 crore loss to the exchequer through the sale of NTC land in Parel.
Soon after registering the FIR, CBI today started searches at nine locations in four cities--New Delhi, Gandhinagar, Mumbai and Kolkata--including the residence of Vaghela and others which are still going on.
The FIR comes after over an year-long Preliminary Enquiry into the matter, the sources said.
Vaghela, a senior Congress leader, is the Leader of Opposition in the Gujarat Assembly and also a former Chief Minister of the state.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%