[ad_1]
The paper agency has made alleged investments to the tune of 100 crores in international international locations, together with Switzerland, the enforcement directorate mentioned
: The enforcement directorate has performed searches on seven premises of a Ludhiana-based non-public paper agency for alleged violations of the Foreign Exchange Management Act.
The ED officers seized paperwork and digital units of Saber Paper Limited and a gaggle of firms in the course of the searches on Wednesday.
It has been suspected that the corporate has made alleged investments to the tune of 100 crores in international international locations, together with Switzerland, ED officers mentioned.
The monetary investigation company can be probing some alleged discrepancies by the corporate in reference to non-compliance of the Reserve Bank of India tips associated to the international trade.
The ED officers claimed that a number of massive loans of the corporate have been declared non-performing property by the numerous banks, whereas some circumstances towards the corporate are pending with the National Company Law Tribunal too.
“It has been also learn that the banks also wrote to the central bureau of investigation against the company for their NPA,” the ED officers mentioned, including that the corporate could have made investments in international loans.
Less time to learn?
Try Quickreads
-
BSP expels four party leaders in Agra division for indiscipline
After struggling a whole route within the just lately concluded Uttar Pradesh meeting election in Agra division, Bahujan Samaj Party chief Mayawati on Thursday 4 of the shedding candidates from social gathering on costs of indiscipline. BSP’s Mathura district president Yogesh Kumar mentioned “SK Sharma, BSP candidate from Mathura City, ex-MLA Raj Kumar Rawat from Goverdhan and Thakur Sonpal Singh, who had contested from Chhata assembly seat, has been from the party.”
-
Railway division takes over maintenance & management of Pune rly station from IRSDC
Beginning Friday, April 1, all of the cleansing, meals stall and upkeep actions at Pune railway station will probably be taken over by the Pune railway division because the three-year-old contracts made with the Indian Railway Stations Development Corporation Limited have expired. While the general works will probably be taken over by the Pune railway division’s numerous departments, some components will probably be given to the Indian Railway Catering and Tourism Corporation.
-
CM to flag off ‘School Chalo Abhiyan’ from Shravasti on April 4
Chief minister Yogi Adityanath will launch the ‘the district with the bottom literacy price’ throughout the state from Shravasti, School Chalo Abhiyan, on April 4. The chief minister mentioned all MLAs in addition to officers ought to undertake one college every for its holistic improvement. The CM directed officers to pay particular consideration in the direction of districts like Shravasti, Bahraich, Balrampur, Badaun and Rampur, the place literacy price was low and run an in depth marketing campaign.
-
Strict action against protesting MSRTC workers who haven’t resumed duties till March 31
The state authorities is all set to take strict motion towards the protesting Maharashtra State Road Transport Corporation employees who have not resumed duties until Thursday, March 31, as per the ultimatum issued earlier by state deputy chief minister Ajit Pawar. Since the previous over 4 months, the MSRTC employees and their unions have been protesting for numerous calls for. A Kruti Samiti of the unions was shaped earlier to strike a dialog with the state authorities.
-
Pune district reports 77 new Covid cases in 24 hours
Pune district on Thursday reported 77 new circumstances of Covid-19 and no deaths because of the an infection within the final 24 hours, as per the state well being authorities. The progressive rely stands at 1,452,648 Covid circumstances. Of this, 1,431,913 sufferers have recovered, 20,517 deaths reported and 218 lively circumstances within the district. As per the state well being division, Pune Municipal Corporation has reported 679,942 Covid circumstances and 9,707 deaths by Thursday.
[ad_2]