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CBI raid Himachal CM Virbhadra Singh’s residence in Shimla

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Shimla/New Delhi:  The Central Bureau of Investigation teams on Saturday filed a case against Himachal Pradesh chief minister Virbhadra Singh and raided his residence in Shimla to probe an inquiry into a disproportionate assets case against him, officials said.

The officials, with vehicles of Chandigarh and Punjab registration numbers, reached Virbhadra Singh’s private residence, Holly Lodge, located in Jakhu hills in the morning.

“Searches were conducted at 11 locations in Himachal Pradesh and Delhi,” a Central Bureau of Investigation (CBI) officer in New Delhi said.

The raid coincided with the marriage of the chief minister’s daughter in Shimla.

Virbhadra Singh and his family were not at home when the team reached their residence.

The Central Bureau of Investigation (CBI) on June 18 initiated a preliminary inquiry against Virbhadra Singh and his family over allegations of corruption and acquiring disproportionate assets during his tenure as union steel minister.

However, Virbhadra Singh refuted the allegations.

Official sources said that CBI restarted the preliminary inquiry on the basis of the income tax department order that said the agricultural income of Virbhadra Singh and his family dramatically increased in the revised return, which was an apparent attempt to justify the investments made in the purchase of insurance policies worth over Rs 6.1 crore.

With inputs from IANS

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The CBI Arrests Two Senior Retired Officers Of Bank Of India

The agency in an FIR had said that the DPIL, which manufactures electric cables and

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The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud. IANS

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank. V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

They said both have been arrested today and will be produced before special court in Ahmedabad tomorrow.The promoters of the company were arrested in April this year. The agency in an FIR had said that the DPIL, which manufactures electric cables and equipment, is promoted by Suresh Narain Bhatnagar and his sons Amit and Sumit, who are also the directors of the firm.

Bank of India
Bank of India. Flickr

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The loan, it said, was declared a non-performing asset in 2016-17. “It is alleged that the DPIL, through its management, fraudulently availed credit facilities from a consortium of 11 banks (both public and private) since 2008, leaving behind an outstanding debit of Rs 2,654.40 crore as of June 29, 2016,” the agency had said. (IANS)

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