The agency carried out searches at 10 locations today, they said here. Era Engineering and Altius Finserve did not respond to calls outside of regular business hours.
As per information available on the CBI website, it has been alleged that the accused persons defrauded the bank to the tune of ₹621 crore by "diversion and siphoning off the bank loans, without utilising it for the sanctioned goal and produced false end-use of certificates issued by the chartered accountant, by fabricating business data".
CBI, according to Reuters, said in a statement that Arun Kaul, the bank's chairman between 2010-2015, had helped clear the loan. The loan was not utilized for the sanctioned goal, the CBI alleged. And, the money was not utilised for the sanctioned objective, CBI has alleged.
The Rs 2 billion loan was issued for repayment of high cost debt to Central Bank of India, Punjab National Bank and IFCI. It is alleged the company diverted the funds and no money was repaid to Central Bank of India or PNB, while only Rs 5.9 million was paid to IFCI.
India's federal police said on Saturday it has filed a case against a former chairman of state-run UCO Bank and several business executives alleging criminal conspiracy that caused a loss of 6.21 billion rupees (R1,1-billion).
The stock had partially recovered by afternoon, however, trading 8.09% or Rs 1.80 lower at Rs 20.45 at 2.28 pm on the National Stock Exchange (NSE).
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. COPYRIGHT VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes.
The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Spectrum Management Group Inc. bought a new position in shares of The Coca-Cola in the 3rd quarter worth $137,000.
But sales at building material stores fell 0.6 percent last month and receipts at clothing stores dropped 0.8 percent. The higher spending could support GDP growth in the first quarter, which is expected to be sluggish.
Nowhere more so than Monte Carlo where previous year he became the first player to win the same ATP tournament 10 times. Meanwhile, Australian Open 2018 runner-up Marin Cilic, seeded second, headlines the second half of the draw.
Chattanooga gas prices still remain 25 cents per gallon below the US average of $2.71 per gallon, according to Gasbuddy.com. Nationwide, energy experts are forecasting gasoline prices to stay pegged at their highest levels since 2015.
Rr Advisors Limited Liability Company invested 0.78% of its portfolio in RSP Permian, Inc . (NYSE: RSPP ) for 122,342 shs. Tide Point Capital Management Lp bought 1.28 million shares as the company's stock declined 3.11% with the market.
This is the first time we're hearing about the phone but we're curious how this one will be different from the old Nokia X . The advertisement contains no mention of any specification of any kind neither the design element is easily inferred.
Parametric Port Assocs Limited Liability Corp has 0.01% invested in Genworth Financial , Inc. (NYSE:GNW). Twin Tree Mngmt Limited Partnership has 0.02% invested in Texas Instruments Incorporated (NASDAQ:TXN).
A win would take the league leaders 14 points clear of second-place Atletico Madrid, who play on Real Sociedad away on Thursday. A serious hamstring injury within his first few matches has restricted the Frenchman's chances of impressing this season.
Finally, Burke & Herbert Bank & Trust Co. increased its position in shares of CVS Health Corp by 0.3% in the third quarter. Finally, ValuEngine lowered CVS Health from a "buy" rating to a "hold" rating in a research note on Friday , February 2nd.
SpaceX to slow upper rocket stages with "giant party balloon"
SpaceX has gained popularity thanks to its technology returning upper stages for unmanned platforms in the ocean and their re-use. The idea certainly does sound insane enough for SpaceX to actually try, but it may not be quite as absurd as it initially sounds.
Apple releases second tvOS 11.4 beta for developers
The first public beta version of the iOS 11.4 was made available to software developers and qualified testers earlier this April. It would seem that this round of updates is meant to wrap up all of Apple's promises for iOS 11 and its counterparts.
Ryan's GOP swept away by a Trumpian revolution
We made our decision a different way this year. " Paul Ryan chose to quit today rather than face Randy Bryce and the voters". Republicans acknowledged Wednesday morning that Ryan's seat will be far more vulnerable without the speaker on the ballot.
Trailer: Hotel Artemis - Starring Jodie Foster
Foster gives an ominous one-liner explaining the hush-hush policy: "This hospital was built on two things: trust, and rules". In the trailer, we're introduced to the underground world of criminals that seek refuge at the Hotel Artemis .
MA Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)
Alleghany Corp decreased its stake in Amazon Com Inc ( AMZN ) by 0.44% based on its latest 2017Q4 regulatory filing with the SEC. Six investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock.
Clearbridge LLC Trims Stake in QUALCOMM, Inc. (QCOM)
It worsened, as 89 investors sold QCOM shares while 518 reduced holdings. 151 funds opened positions while 383 raised stakes. The stock of QUALCOMM Incorporated (NASDAQ: QCOM ) earned "Outperform" rating by RBC Capital Markets on Monday, November 23.