The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

COURT-BANK FRAUD - Court denies bail to 2 businessmen in Rs 24 cr bank fraud case

Contributed by NAMPA / PTI.

New Delhi, Sep 14 (PTI) A special court today denied bail to two businessmen in an alleged bank fraud case involving over Rs 24 crore, saying the accused could hamper the ongoing investigation if granted the relief.
Special CBI judge Virender Kumar Goyal dismissed the bail applications of Sumit Singla and Vikas Singla, directors of a Delhi-based firm M/s Raksha Global Steel Private Ltd.
The court noted that the same modus operandi was used in various bank fraud cases by the accused and there wer ...