NTC land scam: CBI books Congressman Shankarsinh Vaghela

June 17, 2015 15:36

The CBI has registered an FIR against former Union Textile Minister Shankarsinh Vaghela and six others including the then Chairman-cum-Managing Director of National Textile Corporation for sale of prime property in Mumbai allegedly at "throwaway prices" to a private company.

CBI sources said FIR has been registered against Vaghela, former NTC CMD Ramachandran Pillai, and others for allegedly causing a Rs 1700 crore loss to the exchequer through the sale of NTC land in Parel.

Soon after registering the FIR, CBI today started searches at nine locations in four cities--New Delhi, Gandhinagar, Mumbai and Kolkata--including the residence of Vaghela and others which are still going on.

The sources refused to give further details about search operation as it is still going on.

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