Rs 600 Cr fraud case against former Aircel promoter & Companies
Written by : SMTV24x7 | Fri, Apr 27, 2018, 12:32 AM
New Delhi, April 26: The CBI has registered a case against former Aircel promoter C. Sivasankaran, his companies Axcel Sunshine Ltd and Finland-based WinWinD Oy for defaulting a loan of Rs 600 crore sanctioned by IDBI bank, an official said on Thursday.
The agency on Thursday also carried out searches at 50 locations across Delhi, Mumbai, Faridabad, Gandhinagar, Chennai, Bengaluru, Belgaum, Hyderabad, Jaipur and Pune including at residences of former senior IDBI bank officials.
The CBI filed an FIR on charges of criminal conspiracy, cheating and corruption against British Virgin Islands-based Axcel Sunshine Ltd on allegations of perpetrating fraud through the loan accounts of WinWinD Oy and Axcel Sunshine Ltd.
Apart from Sivasankaran and his two firms, 12 other individuals (director and chairman of private firms) including two foreigners, nine companies and 15 top (then and current) IDBI bank officials are named in the Central Bureau of Investigation (CBI) FIR which was based on Central Vigilance Commission's reference.