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CBI busts Rs 2,200 crore foreign remittance scam by 13 firms

In a scam of Rs 2,200 crore, 13 companies including Stelkon Infratel allegedly remitted the amount to foreign entities against bill payments of imports of only Rs 24.64 crore, claimed the CBI. Registering a case against the 13 companies, the CBI alleged many transactions were made through the company's account at Punjab National Bank.

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