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Is former PM Manmohon Singh guilty? Court summons him as an accused in Hindalco case

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By Newsgram Staff Writer

Former prime minister Manmohan Singh was today summoned by a special court as an accused in a coal block allocation case.

Special Judge Bharat Parashar also summoned industrialist Kumar Mangalam Birla, former coal secretary PC Parakh and three others as an accused.

The charges against Manmohan Singh and the others include criminal conspiracy, corruption and breach of trust.

Former Prime Minister  was reportedly questioned by the CBI in January in connection with the allocation of a coal field in Odisha’s Talabira block in 2005 to Hindalco.  At the time, Singh held direct charge of the Coal Ministry.

Hindalco, which is part of the $40 billion Aditya Birla Group, had first been refused the coal field it sought, but the decision was later reversed.

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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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