CBI files charge sheet against Era Housing in Rs 331 crore cheating case in IFCI; Court issues summons
A special court has set the date for a trial to begin in a £33m loan fraud case brought by IFCI against builder Era Housing and developer, bosses and a series of additional firms and individuals. The charges were filed by the Central Bureau of Investigation, which accused the defendants of misleading IFCI to distribute term loans and subsequently diverting the funds for purposes other than those granted.