City bizwoman held for ordnance factory fraud
- Sena likens Kulkarni to Ajmal Kasab; Uddhav felicitates attackers
- India hits back, says don't need Pakistan lecture on pluralism
- CBI arrests Bank of Baroda AGM, forex ops chief
- China operationalises $1.5 bn dam on Brahmaputra in Tibet
- Salman Rushdie rubbishes criticism by 'Modi Toadies', says he is against 'thuggish violence'
Mumbai businesswoman Subi Malli, who brokered a deal between Thrissur-based Steel and Industrial Forgings Ltd (SIFL) and ordnance factories for supplying components of battle tanks, has been arrested, CBI sources said Friday.
The arrest Thursday night, the first in the case, followed interrogation of Malli the past few days. Sources said she allegedly refused to cooperate.
Malli has been charged with conspiracy, corruption and causing loss to the exchequer. She allegedly received Rs 18 lakh commission from SIFL for the mediation, the sources said.
CBI had registered FIR against M Shahnavaz, MD of SIFL, company senior manager Valsan and Malli for allegedly colluding with officials of the heavy vehicles factory at Avadi and bagging contracts at highly inflated rates, causing loss to the state exchequer.
The case was registered after searches on January 15 and 16 at the residences and premises of the suspects in Kerala, Mumbai, Avadi and Hyderabad.