The Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel's former promoter Neeraj Singal for allegedly siphoning off funds worth over Rs 2,000 crore, according to officials.
This is the first time that the SFIO has arrested a person for fraudulent activities, a senior official told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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