Mantena Srinivas Raju News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Mantena srinivas raju. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Mantena Srinivas Raju Today - Breaking & Trending Today

Cyprus deals of city-based CPL under CBI scanner | Hyderabad News


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. ....

Andhra Pradesh , Mantena Srinivas Raju , Exim Bank , Coastal Projects Limited , Equipment Finance Ltd , Mantena Infra , Coastal Transnational Ventures Limited , Infrastructure Pvt Ltd , Distribution Private Ltd , City Based Coastal Projects Limited , Finance Ltd , Siddhi Vinayak Power Generation , Dharmaja Turbo Engineering Private Limited , Sri Sai Magadha Constructions , Sri Vijetha Engineers , Infrastructure Pvt , Hyderabad News , Hyderabad Latest News , Hyderabad News Live , Hyderabad News Today , Today News Hyderabad , Loan Fraud , Cyprus Deals , Cyprus Deal , Cbi Scanner , ஆந்திரா பிரதேஷ் ,