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From the Kharghar residence of Fuldiya, the CBI has recovered several articles including a washing machine and shoes bought with this money. These articles are crime proceeds and purchased by a relative of Padekar for Fuldiya. ....
The Delhi government s Excise Department, which is under the scanner with a CBI probe recommended by the lieutenant governor, has cancelled a tender suspecting cartelisation, for the supply of country liquor in the city, officials said. ....
Central Bureau of Investigation HYDERABAD: City-based Coastal Projects Limited (CPL), which is facing a CBI probe for Rs 4,736-crore loan fraud, is now embroiled in another controversy over its Cyprus deals. In an FIR, the CBI alleged that as per a forensic audit, CPL had invested Rs 40 crore in Coastal Transnational Ventures Limited (CTVL), a wholly-owned subsidiary firm, in Cyrpus. CPL had given a corporate guarantee of $15.6 million in favour of Exim Bank for the loans availed by CTVL for acquisition of shares in another Cyprus-based company. Bank guarantee was invoked and CPL had to pay Rs 102 crore (equivalent of $15.6 million) at the time of conversion. However, the amount receivable for CPL was converted into CTVL shares, the CBI alleged. ....