CBI Has Registered A Case Of 200 Crore Bank Fraud On SHIPL

CBI has registered a case of 200 Crore Bank Fraud against the Bengaluru-based company. CBI has registered a case of bank fraud of over Rs 200 crore against Steel Hypermart India Private Limited, Bangalore, and its directors.

CBI spokesperson RC Joshi said that the agency conducted raids on the premises of the company and the accused in Solagiri and Krishnagiri districts of Bengaluru and Tamil Nadu on Wednesday.

The CBI FIR has named the company as well as its directors Mahendra Kumar Singhi and Suman Mahendra Kumar Singhi chartered accountant Mukesh Surana. In this case, Indian Bank has alleged in its complaint that the company availed a loan facility from the consortium of E-Vijaya Bank and Indian Bank between 2017-2019.

Joshi said the accounts were declared non-performing assets in April 2019 and revealed in November 2019 that it was a fraud. The fraud resulted in a loss of Rs 168.39 crore to Indian Bank and Rs 31.99 crore to E-Vijaya Bank (now Bank of Baroda).

Karnataka cabinet expansion: expansion of Karnataka cabinet, seven new ministers were sworn in. The much-awaited cabinet has expanded in Karnataka Cabinet Expansion, Karnataka today. Umesh Katti, Arvind Limbavali, and Murugesh Nirani were sworn in as the cabinet ministers of Karnataka.

The new cabinet includes seven new members. Chief Minister BS Yeddyurappa was present during the swearing-in of the new cabinet ministers. Today a total of seven new members MTB Nagaraj, Umesh Katti, Arvind Limbavali, Murugesh Nirani, R Shankar, CP Yogishwar, Angara S have been inducted into the BS Yeddyurappa cabinet. These 7 became ministers The Karnataka cabinet has 27 ministers including the chief minister.

There was a vacancy of 7 members in the cabinet. Those who have become ministers include MTB Nagaraj, Umesh Katti, Arvind Limbavali, Murugesh Nirani, R Shankar, CP Yogishwar, Angara S. Apart from this, many more people are being made ministers.

Ruckus in the party created before cabinet expansion! There has been a ruckus in the Bharatiya Janata Party (BJP) over the cabinet expansion in Karnataka.

Some BJP MLAs have openly revolted. Party MLA Basangowda Yatnal has made serious allegations against Chief Minister Yeddyurappa. He said that Yeddyurappa should retire from politics. Whoever blackmails or gives money is made a minister, there is a quota for it.