Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

CBI Issues Look-Out Circulars against Bhushan Steel Chairman, His Wife on Fraud Charges

The LOCs were issued recently to prevent any attempt by the accused to leave the country without permission from the authorities.

Nitisha Kashyap | News18.com

Updated:April 24, 2019, 6:32 PM IST
facebookTwittergoogleskypewhatsapp
CBI Issues Look-Out Circulars against Bhushan Steel Chairman, His Wife on Fraud Charges
File photo of CBI headquarters in New Delhi. (PTI)
Loading...
New Delhi: The CBI has issued Look-Out Circulars (LOCs) against chairman of Bhushan Power and Steel Limited Sanjay Singhal and his wife Aarti, who is vice chairman of the company, in connection with cheating in loans worth over Rs 2,348 crore. The two have been accused of defrauding banks to the tune of Rs 2,348 crore.

A Look-Out Circular is issued by authorities to keep a tab on an individual. The order mandates immigration authorities at all airports and entry-exit points across the country to inform the CBI if Singhal and his wife attempt to leave the country.

The LOCs were issued recently to prevent any attempt by the accused to leave the country without permission from the authorities.

On April 6, the CBI had carried out searches at 18 locations connected to the company after registering a case of cheating against Singhal and others. Loans worth Rs 47,204 crore were availed from 33 banks and financial institutions from 2007 to 2014 and the company defaulted on their repayments, the CBI said.

The searches were carried out in a number of cities, including Delhi-NCR, Chandigarh, Kolkata and Odisha at the office and residential premises of the company, its directors and promoters, and their associates.

The CBI has already booked Sanjay Singhal, Aarti Singhal, directors Ravi Prakash Goyal, Ram Naresh Yadav, Hardev Chand Verma, Ravinder Kumar Gupta and Ritesh Kapoor besides unidentified public servants.

The company deliberately defaulted on repayment and also claimed inadmissible credit causing a loss approximately of over Rs 2,348 crore to the banks, the CBI had alleged.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results