Loan Fraud case: CBI's 1st chargesheet filed against Reliance group
New Delhi, May 30 -- The Central Bureau of Investigation (CBI) on Friday said it has filed its first charge sheet in one of its several probes against the Anil Ambani-led Reliance Group, naming 16 accused including Reliance Communications Ltd (RCOM), five senior executives, and 10 officials of State Bank of India, Bank of Maharashtra, and the erstwhile Syndicate Bank.
The agency didn't disclose the names of the accused, who have been charged for offences of criminal conspiracy, cheating, criminal misappropriation under the IPC and criminal misconduct under the Prevention of Corruption Act.
"The chargesheet filed Friday covers the investigation pertaining to the alleged misuse of the Rs.1,200 crore term loan sanctioned by the State Bank of India, the Rs.500 crore Letter of Credit facilities sanctioned by Bank of Maharashtra, and the Rs.350 crore Letter of Credit facilities sanctioned by the erstwhile Syndicate Bank," said CBI in a statement.
"Supplementary chargesheets are expected to be filed soon in the case," it added.
HT has reached out to Reliance group for a comment. HTC...
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