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Jagan Case: Money Routed Through Ghost Companies
Updated : Aug 31, 2011
The Hyderabad zonal authorities of the CBI, who are heading the probe in the Jagan assets case, gave authorization to the CBI sleuths elsewhere to verify and inform the status of the companies based at Kolkata, Rajkot, Mumbai, Noida, Gurgaon etc under the relevant provisions of the CrPC.
These authoroities reportedly told the CBI special court at Hyderabad that the companies at Kolkata Artillegence Bio Innovations Ltd, Howrah, Delton Exim Pvt Ltd, Kirti Electro systems, Howrah, Moon Enterprisies Ltd of Mumbai and Stocknet International Ltd of Howrah. Ispat Sheets company of Delhi and several companies surrounding Delhi, Noida and Gurgaon were found to be floated only for the purpose of investing in Jagan companies.