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Social activist Teesta Setalvad’s company under CBI probe

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maxresdefaultBy NewsGram Staff Writer

A publishing firm owned by social activist Teesta Setalvad, has landed into probe by the Central Bureau of Investigation for alleged violation of Foreign Contributions Regulation Act (FCRA).

Sabrang Communication and Publishing Private Limited(SCPPL) allegedly accepted a donation of $290,000 and $131,000 from Ford Foundation without getting prior approval from the union home ministry and in violation of FCRA.

Officials say that a case is likely to be slapped by the agency against Setalvad in this regard in the next few days.

Previously, several cases have been filed by Setalvad, through her non-governmental organisation, against Gujarat government officials including former chief minister Narendra Modi for alleged involvement in the 2002 Gujarat riots.

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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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