CBI books Educomp Group entities in ₹806.07-cr. bank fraud case
The Hindu
In Feb., it registered case against ESL and others for allegedly cheating consortium of ₹1,955 cr.
The CBI has booked Educomp Infrastructure & School Management Limited (EISML), Educomp Solution Limited (ESL) and others in a ₹806.07-crore bank fraud case. In February, it registered a case against ESL and others for allegedly cheating a consortium of ₹1,955 crore. In the latest First Information Report, the CBI has also named Shantanu Prakash, Jagdish Prakash, Vijay Kumar Choudhary, Vinod Kumar Dandona, Rajat Khare, Akash Kumar Shah and Krishna Singh as accused. The company had borrowed funds from a consortium of seven banks. The alleged fraud was detected during a forensic audit of the transactions made from April 2014 to April 2018. The accused persons siphoned off the funds via related parties and associate concerns.A crowd comprising farmers, researchers, professors, students, and horticulture enthusiasts thronged the ICAR-Indian Institute of Horticultural Research (IIHR), Hesaraghatta, Bengaluru, on Friday for the inaugural ceremony of the Triphal Diversity Show which showcased 300 mango, 100 jackfruit, and 100 banana genotypes in collaboration with ICAR-National Research Centre for Banana, Tiruchirappalli.
The State government on Friday constituted a Special Investigation Team (SIT), headed by Additional Director-General of Police, Manish Kharbikar of the Economic Offences division of the Criminal Investigation Department (CID) to probe the alleged multi-crore scam in the government-run Maharshi Valmiki Scheduled Tribes Development Corporation.