CBI: No Irregularities Found in Indiabulls, Tells SC
NEW DELHI: The CBI informed the Supreme Court on Wednesday that it is not investigating any irregularities involving Indiabulls Housing Finance Limited (IHFL), currently known as Sammaan Capital Limited. The agency has found no wrongdoing related to the company’s disbursal of loans to corporate entities. Additional Solicitor General SV Raju presented this information to the bench of Justices Surya Kant and Joymalya Bagchi, stating that there were no findings concerning allegations that Indiabulls distributed dubious loans. Senior advocates Harish Salve and Mukul Rohatgi, representing the company’s promoters, claimed these allegations are fabricated, noting that the petitioner NGO Citizens Whistle Blower…