According to ED, the attached assets include immovable properties worth Rs 224.25 and movable properties of Rs 35.32 lakh of Siva Group of companies and Axcel Sunshine Limited of British Virgin Islands.
The CBI has named 15 bank officials who worked at senior levels at IDBI Bank in 2010 and 2014 when loans were sanctioned to the companies controlled by Sivasankaran in its FIR registered on a complaint from the Central Vigilance Commission.
Axcel Sunshine Limited has been charged with criminal conspiracy, cheating and corruption on allegedly committing fraud on accounts of Win Wind Oy, Finland and Axcel Sunshine Limited, the officials said.
The Supreme Court said that Aircel spectrum shall be seized and transferred to some other provider by the government if the controller-company and its owner Ananda Krishnan does not appear in court within two weeks. A bench led by Chief Justice of India J S Khehar asked Malaysia-based Maxis group of companies and its owner […]