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Сентябрь
2023

CBI books IL&FS Transportation, Spanish subsidiary for diverting funds in Ethiopian road contract

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The Central Bureau of Investigation (CBI) has registered a new FIR against IL&FS Transportation Network Ltd and its subsidiary Elsamex SA for allegedly misappropriating credit facilities worth Rs 239 crore. The credit facilities were obtained from India Exim Bank for securing and executing overseas contracts. IL&FS Transportation is already under investigation for causing a loss of over Rs 6,524 crore to a consortium led by Canara Bank.



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