CBI Registers Preliminary Enquiry Against D B Realty

In fresh trouble for Shahid Balwa’s D B Realty, the CBI, probing into the kickbacks-for-loans scam estimated at around Rs 12,000 crore, has registered a Preliminary Enquiry (PE) against the company on charges of availing loan without fulfilling norms.

During investigations into the scam in which several senior officials of public sector financial institutions were arrested, the economic offences wing of CBI was also looking into the involvement of private companies which were beneficiaries.

While the agency did not reveal the involvement of the companies in the charge sheets filed in the five cases, an enquiry has been initiated against D B Realty for allegedly availing loan of Rs 300 crore without fulfilling the eligibility rules, official sources said.


From: http://ping.fm/z8bTr