CBI seizes Rs 2.04 crore cash hidden in South Delhi hotel in railway officials bribery case
The agency arrested Chief Administrative Officer MS Chauhan of NFR and other senior officials in the case involving a bribe amount of Rs one crore
PTI | January 19, 2021 | Updated 18:48 IST
Cash recoveredby CBI (Representational Image)
The CBI has seized an additional Rs 2.04 crore hidden in a private hotel in South Delhi by the executives of ABCI Infrastructure Pvt Ltd, accused in a bribery case involving senior officials of Northeast Frontier Railways, officials said Tuesday.
The agency had arrested Chief Administrative Officer MS Chauhan of NFR and other senior officials in the case involving a bribe amount of Rs one crore, they said.
A view of the CBI headquarters in New Delhi. File
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PTI
The agency had arrested Chief Administrative Officer MS Chauhan of NFR and other senior officials in the case involving a bribe amount of ₹1 crore The CBI has seized an additional ₹2.04 crore hidden in a private hotel in South Delhi by the executives of ABCI Infrastructure Pvt Ltd, accused in a bribery case involving senior officials of Northeast Frontier Railways, officials said Tuesday.
The agency had arrested Chief Administrative Officer MS Chauhan of NFR and other senior officials in the case involving a bribe amount of Rs one crore, they said.
January 17, 2021
A file picture of Kakinada Port×
For Aurobindo Pharma promoters, this is the second port investment in four months. Hyderabad-based Aurobindo Realty and Infrastructure Pvt Ltd will acquire a 41.12% stake in Kakinada Seaports Ltd, the second port investment in four months by the real estate and infrastructure venture formed by the promoters of Mumbai-listed Aurobindo Pharma Ltd.
Aurobindo Realty and Infrastructure will buy the stake from Kakinada Infrastructure Holdings Pvt Ltd, one of the original promoters of Kakinada Seaports, multiple sources said.
BusinessLine could not ascertain the value of the deal.
The acquisition will make Aurobindo Realty and Infrastructure the single largest shareholder in Kakinada Seaports. Other shareholders in the port operating company, includes VR Investments Pvt Ltd (30.40%), Konsortium Ports Pte Ltd (17.35%) and South India Infrastructure Development Company Pvt Ltd (11.13%).
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.