General News

SFIO arrests former Bhushan Steel managing director

New Delhi (India), Aug 10 : The Serious Fraud Investigation Office (SFIO) on Thursday arrested former promoter and managing director of Bhushan Steel Limited (BSL), Neeraj Singhal.
Singhal was later sent to judicial custody till August 14 after being produced before the court of Competent Jurisdiction.
The arrest was made as part of the investigation, directed by the Ministry of Corporate Affairs, into the affairs of BSL and its several Group Companies by SFIO. The ministry assigned the investigation to SFIO, based on complaints received from various sources.
Singhal was arrested under Section 212(8) of the Companies Act, 2013, after it was found that he is guilty of indulging in serious corporate fraud punishable under Section 447 of the Companies Act, 2013.
During the investigation, it was uncovered that the erstwhile promoters of BSL have resorted to fraudulent maneuvers to siphon-off funds amount to Rs. 2000 crores from Public Sector Banks using several associate companies.
In May, the ownership and control over BSL was transferred to the Tata Group after the Insolvency Resolution.



  1. Pingback: Types Of Fishing Poles

  2. Pingback: maha pharma winstrol

  3. Pingback: 카지노

  4. Pingback: Best Drones Under $200

  5. Pingback: Eddie Frenay

  6. Pingback: 토토

  7. Pingback: Bitcoin Era Review 2020

  8. Pingback: 토토

  9. Pingback: Regression Testing Solutions

  10. Pingback: where to buy cbd oil in salt lake city

  11. Pingback: rolex replica

  12. Pingback: CI CD

  13. Pingback: replica watch

  14. Pingback: 김치티비

  15. Pingback: brands of the sensationnel fab fringe wig at an affordable price

  16. Pingback: entrar

  17. Pingback: Hoover BH50120 manuals

  18. Pingback: Digital Transformation solutions

  19. Pingback: 토토사이트

  20. Pingback: 메이저토토사이트

  21. Pingback: arvest bank

  22. Pingback: Villas for Sale around Hyderabad

  23. Pingback: canlı casino

  24. Pingback: blocking screenshots

  25. Pingback: union dumps

  26. Pingback: why not find out more

  27. Pingback: What is the punishment for selling magic mushrooms?

Leave a Reply

Your email address will not be published.

14 + seventeen =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us