Supreme Court expands CBI probe into builder-bank subvention scam, brings ED into fold
India, Aug. 7 -- The Supreme Court on Thursday expanded the scope of the probe into the subvention scheme scam involving builders-banks nexus by directing the Central Bureau of Investigation (CBI) to share details of alleged proceeds of crime with the Enforcement Directorate (ED) in the 50 criminal cases being probed by it.
The bench headed by Chief Justice of India (CJI) Surya Kant said, "The CBI is to inform ED in respect of details of such cases where ED is to take cognisance of matters with regard to proceeds of crime."
With probe in only 18 of the 50 cases completed by CBI so far, the court passed directions for a "time-bound, expedient" probe by directing six banks and financial corporations to process prosecution sanction within ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.