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    Bank fraud case: CBI alleges VK Sasikala paid Rs 450cr in cash to buy sugar mill during notebandi

    1 day ago

    CBI is investigating a suspected Rs 120-crore bank fraud case involving Padmaadevi Sugars Ltd, whose directors are accused of cheating Indian Overseas Bank (IOB). The probe was initiated following Madras HC directions. During demonetisation, V K Sasikala allegedly bought the sugar factory in Kancheepuram for Rs 450 crore in cash, according to an FIR.
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