The CBI has conducted raids on various offices of IRB Infrastructure Developers, in Pune and Mumbai
The Central Bureau of Investigation (CBI) conducted raids on various offices of IRB Infrastructure Developers, in connection with land grab cases filed against IRB and its Chairman Virendra Mhaiskar, by the murdered Right To Information (RTI) activist Satish Shetty. While the share saw an intra-day fall of a little over 10%, it closed the day down by 8.43%.
As Moneylife has written before , Shetty's case was suspiciously closed after over 4 years of investigations by the CBI. Shetty was murdered on 13 February 2010.
After the closure report in the case was filed by the CBI, it is now re-investigating the land grab accusations against IRB and its head. CNBC TV18 reported that the Bombay HC had allowed the CBI to re-investigate the land grab cases in the interest of justice.
Shetty was said to have been murdered for his refusal to take back the cases he had filed. The CBI's report had also said that IRB had offered Shetty Rs2 crore to take back the cases he had filed.
CBI's report in the murder investigation had said the following, “Investigations by CBI revealed that the deceased had filed a number of complaints against Smt Ashiwini Kshirsagar, the then Sub-Registrar at Lonavala, for illegally registering Government land on the basis of false documents. The deceased had filed a complaint on 16 September 2009 with the Superintendent of Police (SP) of Pune Rural, against Smt Kshirsagar and others, for registering government land on the basis of bogus documents. Therefore, on 15 October 2009, on the fresh complaint of the deceased CR no152/2009 a case u/s420, 467, 468, 469, 471 and 34 of IPC was registered at Lonavala City Police Station against Virendra Mhaiskar, director of Aryan Infrastructure Investment Pvt Ltd and 12 others regarding illegal purchase of government land in Pimpaloli village and Ozarde village, Maval taluka, Dist. Pune on the basis of fake and forged documents in connivance with Ashwini Kshirsagar, the then sub-registrar, Lonavala, who was also cited as an accused in the said FIR.”
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
