Page 7 - Radius Group News Today

Bhosale allegedly received 'kickbacks' to facilitate loans from DHFL: CBI

Bhosale, who was being investigated in Mumbai, was shifted to Delhi last night for further questioning as the agency alleged that he had facilitated routing of money from DHFL to Radius Developers for a price paid to ABIL group companies in the garb of consultancy services and other payments, , Central Bureau of Investigation (CBI), Avinash Bhosale, Yes Bank Scam Case

Yes Bank-DHFL case: CBI arrests Pune businessman Avinash Bhosle, to be produced in court today - CBI suspects illegal money was routed through several real estate companies based in Maharashtra. Radius Groups Sanjay Chabria was arrested in April.

In the DHFL-Yes Bank loan case, CBI on Thursday arrested Pune businessman and promoter of ABIL group of companies, Avinash Bhosle.

Mangiones Italian Ice also opens downtown, Goleta Valley Optical moves locations, and Santa Maria Valley Wine Trolley reopens

The Central Bureau of Investigation (CBI) teams on Saturday carried out searches at eight locations in Mumbai and Pune at the premises linked to builders Shahid Balwa, Vinod Goenka and Pune businessman Avinash Bhosale, in connection with the Yes Bank and DHFL fraud case.

Searches were conducted at the premises of both the accused at Jaisingpur and Kolhapur which led to the recovery of incriminating documents, officials said.

The central probe agency produced him before special judge S H Gwalani and sought his 14-day custody for further probe into the matter.

Sanjay Chhabria, 45, is managing director of Mumbai-based Radius Developers. Radius is developing 12.5 million sq ft of properties in the city and its suburbs and is working on some 15 projects. Radius is also looking to launch three or four more such projects, through joint ventures (JVs) or management contracts.

The Jewish artist Tova Berlinski, who described her childhood as a sort of Paradise Lost, has died at the age of 106.