CBI charge-sheets former public servants in loan fraud, bribery case

The Central Bureau of Investigation (CBI) on Friday submitted its charge sheet in a Mumbai court against five persons, including the former chairperson and managing director (CMD) of public sector enterprise, BECIL (Broadcast Engineering Consultants India Limited), Noida, and the founder of a Mumbai firm, in a case linked to alleged irregularities in the sanction and disbursal of multi-crore loans and bribery transactions.

- Abhishek Sharan

MUMBAI:

The CBI probe found that George Kuruvilla, former CMD of BECIL, was allegedly paid undue advantages of ₹3 crore by an official of a Mumbai-based firm called Green Billions Limited, for favours. The CBI's Mumbai unit had initiated its probe on September 3 last year, based on a reference from the Union ministry of information and broadcasting, to probe alleged irregularities in the sanction and disbursal of a venture loan of ₹50 crore by the then CMD to the Mumbai firm.