Tag: White Impex General Trading

The CBI has booked the promoter-directors of Mumbai-based Varun Industries Ltd (VIL) for allegedly cheating a consortium of banks to the tune of over Rs 388 crore, leading to yet another case of non-performing assets. In one of the two FIRs registered, the CBI has charged that Kiran Mehta and Kailash Agarwal, promoters and directors of VIL, siphoned off the credit facility from Central Bank of India (CBI) to the tune of Rs 269.29 crore. As per the complaint received by the investigating agency, VIL took various credit...