LUCKNOW: Sleuths of the Central Bureau of Investigation (CBI) conducted raids at premises and residences of Bahujan Samaj Party (BSP) MLA Vinay Shankar Tiwari on Monday in connection with a bank loan fraud amounting to Rs 754.24 crore.
Vinay happens to be the son of ganglord-turned politician and former minister Hair Shankar Tiwari. The CBI teams raided four places in Noida and Lucknow on Monday.
The CBI has registered an FIR on a complaint from Bank of India against two private companies- Gangotri Enterprises, Royal Empire Marketing Limited based at Lucknow and Noida its Directors and unknown others on the allegations of committing misappropriation, cheating and causing loss of Rs. 754.24 crore.
The FIR lodged by the anti-corruption bureau of the CBI Delhi unit also names its Directors- Vinay Shankar Tiwari, Ajeet Pandey, and Reeta Tiwari.
Searches were conducted today at the premises of the accused/company at Noida and Lucknow which led to recovery of several incriminating documents.