Page 10 - Central Bureau Of Investigation

Rs 395-cr bank fraud: CBI files new case against Unitech, former directors

The CBI has filed a new case against Unitech Limited and its former directors in connection with an alleged fraud in the IDBI bank involving an amount of Rs 395 crore, officials said. Nearly six months after a complaint from the bank, the Central Bureau of Investigation (CBI) has booked the company and its former promoters and directors Ramesh Chandra, Ajay Chandra and Sanjay Chandra under the Indian Penal Code (IPC) sections dealing with criminal conspiracy and cheating and provisions of the Prevention of Corruption Act, the officials said. The accused Unitech founders are facing another CBI probe pertaining to an alleged fraud in the Canara Bank. The company was allegedly enjoying a vendor bill discounting (VBD) facility, a kind of credit, of Rs 400 crore from the IDBI bank in 2012, the officials said. "Due to slowdown in real estate sector and pile up of inventory, the company was facing liquidity mismatch, and the payment of VBD bills was delayed," the complaint, now a part of

CBI chargesheets CG Power, ex-promoter Thapar in Rs 2,435-cr fraud case

The CBI has filed a charge sheet against CG Power and Industrial Solutions and its former promoter Gautam Thapar in an alleged Rs 2435-crore bank fraud case that affected 12 banks, officials said. This comes after the agency conducted a probe for nearly 19 months into the allegations of diversion of bank funds, and manipulation of account books among other charges against the company, Thapar and other senior executives, they said. Thapar is already facing multiple probes into his alleged links with Yes Bank co-founder Rana Kapoor who was booked by the CBI under corruption and fraud charges. In its charge sheet filed before a special court, the CBI has alleged that huge amounts of bank loans were diverted by the accused to related parties for which adjustment entries were made in the account books, they said. The investigations showed that the accused availed loans against securities without disclosing credit facilities availed from other banks, they said. The accused borrowed fun

CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case

Videocon founder sent to custody till December 28, along with ex-ICICI Bank CEO Chanda Kochhar and her husband

CBI probe against medical graduates practising in India without test

The CBI has started investigation against 14 state medical councils and 73 foreign medical graduates who were allowed to practise medicine in India without qualifying mandatory Foreign Medical Graduate Examination (FMGE), officials said Monday. According to norms, a foreign medical graduate must qualify FMGE/Screening Test conducted by the National Board of Examination in order to get provisional or permanent registration with National Medical Commission or a state medical council to practise medicine in India. The CBI has registered a case of alleged corruption, criminal conspiracy, forgery and cheating against unidentified officials of state medical councils, erstwhile Medical Council of India, and 73 foreign medical graduates, the officials said. The National Board of Examination had intimated the Ministry of Health that 73 such medical graduates who did their MBBS from foreign countries such as Russia, Ukraine, China, and Nigeria during 2011-22 have not qualified its examination

CBI files FIR against Abhijeet Group-promoted Corporate Power for fraud

The CBI has filed an FIR against Abhijeet Group promoted company Corporate Power Limited and its directors for alleged bank fraud of Rs 4,000 crore, officials said on Friday. The agency on Thursday searched 16 locations in multiple cities, including Nagpur, Mumbai, Ranchi, Kolkata, Durgapur, Ghaziabad, and Vishakhapatnam, in connection with the case, they said. Corporate Power Limited, a Kolkata-based special purpose vehicle promoted by Abhijeet Group for setting up a power plant in Jharkhand, allegedly committed a bank fraud of Rs 4037.87 crore involving a consortium of 20 banks, according to a complaint filed by Union Bank of India, now a part of the CBI FIR, the officials said. They said several companies of Abhijeet Group and some of its directors are already facing CBI probes in connection with coal scam cases and are charge-sheeted as well. Corporate Power Limited, initially named Chitarpur Coal and Power Ltd, had envisaged setting up a 540 MW power plant in Latehar district

Uttarakhand HC rejects CBI inquiry in Ankita Bhandari murder case

The Uttarakhand High Court, on Wednesday rejected a petition for a CBI inquiry in the Ankita Bhandari murder case

CBI begins examining KCR's daughter Kavitha in Delhi liquor scam case

The Central Bureau of Investigation (CBI) on Sunday began examining Telangana Chief Minister K. Chandrasekhar Rao's daughter K. Kavitha in Delhi liquor scam case at her residence in Hyderabad

DHFL case: Delhi HC to hear CBI plea challenging bail to Wadhawan brothers

The Delhi High Court on Tuesday agreed to hear in detail the Central Bureau of Investigation (CBI) plea challenging the trial court order granting statutory bail to Dheeraj and Kapil Wadhawan

Delhi Excise case: Fresh notice to TRS' K Kavitha for questioning on Dec 11

The CBI has issued a fresh notice to TRS MLC K Kavitha to appear for questioning on December 11 at Hyderabad in connection with Delhi Excise Policy scam case, officials said Tuesday. The agency is understood to have agreed to the request of Telangana Chief Minister K Chandrasekhar Rao's daughter to postpone her questioning from Tuesday to any date between December 11-15. In her response to the first notice issued on December 2, Kavitha had said she had gone through the contents of the FIR copy as well as the complaint available on the website in connection with the case and her name did not figure anywhere in any manner whatsoever.

CBI raids arrested Railway engineer's premises, seizes Rs 1.38 cr in cash

The CBI has seized more than Rs 1.38 crore in cash from Arun Kumar Mittal, deputy chief engineer of Northern Railway posted in Lucknow, who was arrested for allegedly taking a bribe from a contractor, officials said on Tuesday. The agency conducted searches after arresting Mittal last week, during which cash worth Rs 1.38 crore was recovered in addition to Rs 1.13 crore found in the bank accounts of the engineer and his family members, they said. Of the total Rs 1.38 crore, 38 lakh were seized during searches immediately after his arrest, they said. The agency conducted further searches at his premises, leading to an additional cash recovery of Rs 1 crore. They said that most of the money stashed in bank accounts were cash deposits made over time. "Gold jewellery worth Rs 11 lakh (approx); documents related to various property and monetary/material transactions allegedly related to various parties, including Railway Vendors/Contractors, have also been unearthed," a CBI spokesperson

TRS leader Kavitha seeks complaint details in Delhi excise policy scam case

TRS MLC K Kavitha, who has been issued a notice by CBI for questioning in connection with the alleged Delhi excise policy scam, on Saturday asked the central agency to provide details, including copies of the complaint in the case, to acquaint herself and answer appropriately "within a reasonable period of time". In a letter to the Central Bureau of Investigation (CBI) official who sent the notice to her on Friday, she said the date of her meeting with the agency can be fixed at Hyderabad after the receipt of the documents. "I have gone through the contents of the notice. I would request you to kindly provide me copies of the Complaint vide OM No.14035/06/2022-Delhi-I dated 22/07/22 received from Sri Praveen Kumar Roy, MHA. of India, and RC 53 (A)/2022 of CBI/ACB/Delhi referred to in your notice," she said in the letter. Kavitha, daughter of Telangana Chief Minister K Chandrasekhar Rao, said the requested documents may be provided at the earliest to enable her to acquaint herself an

Delhi excise policy scam: CBI issues notice to KCR's daughter K Kavitha

The Central Bureau of Investigation (CBI), which is probing the alleged Delhi excise policy scam, on Friday issued notice to Chief Minister K Chandrasekhar Rao's daughter and TRS MLC K Kavitha for questioning her in the case on December 6. The probe agency issued the notice under Section 160 of CrPC and asked her to intimate the place of residence as per her convenience for the "examination" at 11 am on that day. Kavitha, in a statement, said she informed the authorities that they can meet her at her Hyderabad residence. "During the course of investigation of the subject cited above, certain facts have emerged with which you (Kavitha) may be acquainted with. Hence, your examination on such facts is required in the interest of investigation," the CBI said in the notice. "It is therefore requested that kindly intimate the place of residence (Hyderabad or preferably Delhi) as per your convenience for your examination at 11.00 hours on 6-12-2022 in connection with investigation of abov

LIVE: Tributes paid to martyrs on 14th anniversary of 26/11 terror attacks

Live news updates: ATS chief Hemant Karkare, Army Major Sandeep Unnikrishnan, Mumbai's Additional Police Commissioner Ashok Kamte and Senior Police Inspector Vijay Salaskar were among those killed

CBI files chargesheet in Rs 22,000 crore ABG Shipyard loan fraud case

The Centre Bureau of Investigation (CBI) has filed a chargesheet in Rs 22,000 crore loan fraud case against ABG Shipyard and 24 others including its CMD and other officials

ABG Shipyard case: CBI files charge sheet against Rishi Agarwal, others

The CBI on Saturday filed a charge sheet against former ABG group chairman Rishi Agarwal and other individuals and entities in connection with the alleged Rs 22,842-crore bank fraud in the ABG Shipyard Ltd, officials said on Saturday. In its charge sheet filed before the special CBI court here, the agency has named as accused Agarwal and five individuals and 19 companies including three Singapore-based firms, they said. The 25 against whom the charge sheet has been filed include a Mumbai-based private company; its chairman & promoter; then chief financial officer of the said company; then vice president (accounts); then assistant vice president (accounts); another person handling the group's offshore entities; then statutory auditor of the company and 18 other entities (India-based companies/firms & offshore entities) in an ongoing investigation of a case related to the alleged fraud of Rs 22,842 crore (approx). The agency has so far detected alleged diversion of Rs 5,000 ...

Every second counts. Or does it? The answer holds leap second's fate

International timekeepers are meeting in France to debate the future of the bothersome leap second

Auditor flags Rs 13,110 cr of fraud deals in Srei Equipment Finance

Sum includes transactions amounting to Rs 1,283 cr determined as undervalued; Srei Equipment Finance is currently undergoing corporate insolvency resolution process

CBI arrests MD of Delhi-based private firm in Rs 512-cr loan fraud case

The accounts of said the company was declared NPA in 2017

NDTV puts on hold proposed sale of 20% stake in Astro Awani Network

Says CBI approval for the transaction has been withheld; exploring legal options

CBI arrests directors of Bharat Papers in Rs 87.88-cr loan fraud case

An official said a case was registered in 2020 against Bharat Papers Ltd and others including its MD, Directors on the complaint from SBI, SAM Branch, Ludhiana