Sunday November 17, 2019
Home India The CBI Arres...

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

0
//
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

Also read:Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely

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)

Next Story

Social Video app TikTok Reaches 1.5 Billion Downloads Worldwide

To recall, TikTok crossed the 1 billion downloads milestone in February 2019, taking just under nine months to generate a further 500 million installs

0
TikTok
The logo of the TikTok application is seen on a screen in this picture illustration taken Feb. 21, 2019. VOA

Social video app TikTok has reached 1.5 billion downloads worldwide on the App Store as well as Google Play and India leads the chart with 466.8 million or about 31 per cent of all unique installs.

In 2019, the app accumulated 614 million downloads — six per cent more than it had last year, reported mobile intelligence firm Sensor Tower.

India has been a fast adoptor in 2019, driving up 277.6 million downloads so far this year, or roughly 45 per cent of all global installs.

China generated the second largest amount of downloads with 45.5 million, or 7.4 percent, while the US is No 3 with 37.6 million installs, or about 6 per cent, this year.

tiktok
TikTok has over 54 million monthly active users (MAUs) in India. Pixabay

The figure does not include installs from third-party Android stores in the country, said Sensor Tower.

TikTok with 614 million downloads currently is the third-most downloaded non-gaming app of the year, behind WhatsApp at the top with 707.4 million installs and Facebook Messenger at second spot with 636.2 million.

Also Read: Tech Giant Apple Issues Firmware Update for AirPods Pro

Facebook is fourth with 587 million downloads and Instagram at fifth spot with 376.2 million.

To recall, TikTok crossed the 1 billion downloads milestone in February 2019, taking just under nine months to generate a further 500 million installs. (IANS)