New Delhi: CBI has registered an FIR against former Union Textile Minister Shankersinh Vaghela and six others incluing the then Chairman-cum-Managing Director of National Textile Corporation for the sale of prime property in Mumbai allegedly at "throwaway prices" to a private company.
CBI sources said an FIR has been registered against Mr 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 Mr Vaghela and others which are still going on.
The FIR comes after over an year-long Preliminary Enquiry into the matter, the sources said.
CBI sources said an FIR has been registered against Mr 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 Mr Vaghela and others which are still going on.
The FIR comes after over an year-long Preliminary Enquiry into the matter, the sources said.
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