The Central Bureau of Investigation (CBI) has lodged a case against IL&FS Transportation Networks Ltd. (ITNL) and its directors for allegedly cheating the Union Bank of India to the tune of Rs 20 crore.
A senior CBI officer said that the agency had received a written complaint in this regard from the Union Bank of India.
The bank alleged that IL&FS Transportation Networks Ltd. and its directors, namelyt Hari Shankaran, Arun Saha, late Ravi Parthsarathi, Mukund Sapre, and K. Ramchand, had entered into a criminal conspiracy and misappropriated the sanctioned credit facilities by cheating, diversion of funds, and unauthorised circular transactions.
The bank alleged that the accused cheated the bank to the tune of Rs 20 crore.
After receiving the complaint, the has lodged a case under Section 120-B read with Section 420 of the Indian Penal Code, and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, against IL&FS Transportation Networks Ltd. and its directors.
PM's Maha Kumbh statement in LS: Speaker invokes Rule 372, LoP Rahul takes ‘new India’ jibe
As Prime Minister Narendra Modi on Tuesday described the Maha Kumbh 2025 as a moment of ‘awakening’ for the nation and credited its success to countless contributions from countrymen, this prompted protests from the Opposition and also ‘new India’ jibe from Leader of Opposition (LoP) Rahul Gandhi. The House was adjourned for the day soon after that.
India resolved to eliminating 5 diseases in 5 years, TB control progressing well: Dr VK Paul
India is resolved to eliminating five diseases in the coming five years that include leprosy, lymphatic filariasis, measles, rubella and kala-azar, Dr V.K. Paul, Member, NITI Aayog, said on Tuesday.
New Zealand PM visits Akshardham temple, lauds Hindu community's contribution back home
Prime Minister of New Zealand, Christopher Luxon visited the Akshardham temple in New Delhi on Tuesday, the third day of his ongoing March 16-20 official visit to India.
Won’t spare anyone indulging in riots, attacks on police: Maha CM on Nagpur violence
Maharashtra Chief Minister Devendra Fadnavis on Tuesday stated in the Assembly that the government will not spare those who indulged in rioting and attacked the police in Nagpur.
11 illegal migrants held in February in Dharmanagar and Agartala
As per NFR, in an incident on 15th February RPF team of Agartala conducted a routine drive at Agartala Railway Station. While checking they detected 02 female Bangladeshi national sat the station.
State aims to install 50,000 solar plants in 2025: Power Minister
The present state government has set an ambitious goal of installing 50,000 solar plants across the state during the current financial year, Power Minister Ratan Lal Nath announced on Sunday.
Tension in Manipur districts after Meitei youth goes missing
A 20-year-old youth, belonging to the Meitei community has gone missing from Manipur’s Imphal triggering serious tension in both Imphal West and Imphal East districts, officials said on Monday night.
Vehicles burnt as violent clashes erupt in Nagpur, cops deployed
Amid raging controversy over the demolition of the Mughal emperor Aurangzeb’s grave situated at Sambhajinagar, violent clashes broke out between two groups in Maharashtra’s second capital Nagpur which led to stone pelting and arson.