Agencies / New Delhi
The CBI has registered a case against former Aircel promoter C Sivasankaran’s companies, Axcel Sunshine Limited and Finland-based Win Wind Oy for allegedly defaulting on loans worth 600 crore rupees taken from IDBI bank.
According to a CBI official, the agency carried out searches at 50 locations, including the residences of former senior IDBI bank officials. The searches were spread across Delhi, Faridabad, Mumbai, Gandhinagar, Chennai, Bangalore, Belgaum, Hyderabad, Jaipur and Pune.
The agency said, Sivasankaran’s firms had allegedly taken a loan of 530 crore rupees in February 2014. The amount increased to 600 crore rupees after becoming a non-performing asset.
The case was registered under sections relating to criminal conspiracy, cheating and corruption against British Virgin Islands-based Axcel Sunshine Limited on allegations of perpetrating fraud.
They said, 15 senior officers of IDBI bank and 24 private officials have been booked.