CBI files FIR against Corporate Power Ltd, its directors in Rs 4000 crore bank fraud: Officials
New Delhi (PTI): The CBI has filed an FIR against Corporate Power Limited and its directors for alleged bank fraud of Rs 4,000 crore, officials said.
The agency searched 16 locations on Thursday in multiple cities, including Nagpur, Mumbai, Ranchi, Kolkata, Durgapur, Ghaziabad, and Vishakhapatnam, they said.
The Kolkata-based company had allegedly committed a bank fraud of Rs 4037.87 crore involving a consortium of 20 banks.
"It was further alleged that between the years 2009 and 2013, the said borrower had submitted manipulated project cost statements and diverted bank funds. It was also alleged that trade receivables mainly including transactions to related parties and funds, were diverted to a web of various companies who were dummy accounts; accordingly, the borrower was able to siphon off funds," a CBI spokesperson said in a statement.
The agency has named the company and its promoters and directors in the FIR.
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Nepal's top leadership stresses unity, peace on Buddha Purnima
Kathmandu (PTI): National unity can be strengthened by following Lord Buddha's guiding principles of tolerance and mutual goodwill, Nepal President Ramchandra Paudel said on Friday, on the occasion of Buddha Purnima.
The Himalayan nation is observing the 2570th Buddha Jayanti, or the birth anniversary of Lord Buddha, who was born in Lumbini, Nepal, around the 6th century BC.
Buddha Jayanti is celebrated on Baishakh Poornima or the full moon day in the month of Baishakh of the Lunar calendar every year.
The birth anniversary of the Buddha, regarded as the messenger of non-violence and peace, is being celebrated across the country with hopes for peace.
Traditional pujas are performed by Buddhists, with lamas and Buddhist gurus conducting ceremonies in Chaityas, monasteries, viharas, and other sacred sites.
Various programmes are being organised at important pilgrimage sites like Lumbini, Swayambhu, and Bouddha to commemorate the day.
In his message on the occasion, President Ramchandra Paudel said that national unity could be further strengthened by maintaining tolerance and mutual goodwill amid religious, social and cultural diversities, abiding by the messages and guiding principles of Lord Buddha, the proponent of non-violence and peace.
Extending his greetings to all through social media, Prime Minister Balendra Shah said that Nepal, blessed by the birth of Buddha, has always been in favour of non-violence and peace.
"The path shown by the Buddha is the path to end suffering by seeking knowledge," he said.
"As a ray of light enters, darkness automatically disappears; likewise, our journey should be in search of the light of knowledge, should be on the path to solve problems,” said Shah.
Buddha's birth, enlightenment, and Mahaparinirvana (death) all occurred on the full moon day of Baisakh. Thus, Buddhists worldwide, including those in Nepal, celebrate Buddha Jayanti with deep reverence and devotion.
Meanwhile, the Indian Embassy in Nepal on Thursday celebrated Buddha Jayanti in Lumbini in collaboration with the Lumbini Development Trust and Lumbini Buddhist University.
The celebration held on the eve of Buddha Jayanti featured a painting exhibition by school students, chanting of prayers by monks from Nepal and India and a vibrant cultural evening.
On the occasion, a Buddhism-themed Kathak dance was performed by a troupe from ICCR, India, headed by Deepti Gupta and a musical presentation by a Nepali band led by sarod maestro Suresh Raj Bajracharya.
Lumbini Province Governor Krishna Bahadur Ghartimagar was the chief guest on the occasion.
