Bhubaneswar: The Central Bureau of Investigation (CBI) on Wednesday raided the headquarters of ARSS Infrastructure at Mancheswar here in connection with financial embezzlement to the tune of Rs 62 crore.
Simultaneous raids were also carried out by the officials of the central investigating agency at the house of the company’s director at Nayapalli here, besides five other places.
According to sources, the company had allegedly taken a loan amounting to Rs 62 crore from a bank for a construction project. However, it did not take up the project and also failed to return the money borrowed from the bank.
Basing on a complaint lodged by the bank officials, the CBI had moved court seeking permission to conduct raids on the house and office of the company’s director. After receiving the green light from the court, the agency raided these places.
Several important documents and papers were verified during the raid, CBI sources said.
New Delhi: External Affairs Minister S Jaishankar on Tuesday expressed serious concerns regarding the increasing…
Mumbai: During an Ask Me Anything session, actress Samantha Ruth Prabhu, who had set the…
Puri: After Odisha's Law Minister, a senior servitor of Jagannath Temple in Puri has blamed…
Mumbai: Salman Khan’s ex-flame Somy Ali, during a recent ‘Ask Me Anything’ session on Reddit,…
Bhubaneswar: The Odisha government has ordered the transfer of all the ministerial employees of the…
Bhubaneswar: The Congress party has sought the intervention of Odisha Governor in death of two…
New Delhi: Anushka Sharma has once again shared the cutest birthday wish for her husband…
Bhubaneswar: With the death of two women in the mango kernel incident in Kandhamal triggering…