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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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New Samsung Foldable Smartphone “Galaxy Z Flip” Goes Out of Stock in Minutes During First Sale in India

In India, the device comes with Snapdrgon 855+ processor and 8/256 GB memory combination

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Samsung
The Galaxy Z Flip comes with a first-of-its-kind foldable glass that features a 6.7-inch display that folds into a stylish and compact form factor. IANS

 The Rs. 1.10 lakh Samsung Galaxy Z Flip foldable smartphone went out of stock within minutes during its first sale in India on Friday.

Samsung India’s online store put up a ‘sold out’ message for Galaxy Z Flip, less than an hour after the smartphone went on sale online at 11 a.m.. Leading retail outlets, accepting pre-bookings for Galaxy Z Flip, have also run out of stock.

Samsung’s online store and leading retail outlets are accepting pre-bookings against full payment for Galaxy Z Flip, which is priced at Rs. 1,09,999. Consumers, who managed to pre-book the Galaxy Z Flip in India, will start getting deliveries on February 26, Samsung India said in a statement.

Buyers from Samsung online store will be offered premium “white glove” delivery, the company said. According to sources, Galaxy Z Flip which is available in two colours — Mirror Purple and Mirror Black — will be up for pre-bookings again from February 28 and subsequent deliveries will begin in March.

Samsung
The Rs. 1.10 lakh Samsung Galaxy Z Flip foldable smartphone went out of stock within minutes during its first sale in India on Friday. IANS

The Galaxy Z Flip comes with a first-of-its-kind foldable glass that features a 6.7-inch display that folds into a stylish and compact form factor. It’s a dual-SIM smartphone, with one eSIM and one Nano-SIM card slot. E-sim services are currently available on Airtel and Jio networks.

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In India, the device comes with Snapdrgon 855+ processor and 8/256 GB memory combination. Galaxy Z Flip comes with accidental damage coverage, which includes one-time screen protection and a 24X7 dedicated call centre support in India. (IANS)