HAL contractors' residences raided

The three arrested contractors had received '5 crore from HAL between January and August, 2018, sources added.;

Update: 2018-10-26 01:12 GMT
The CBI alleged that the exchange had not fulfilled the criteria for acquiring the status.
CBI on Thursday withdrew its application from Delhi court seeking permission to further probe the politically sensitive, Rs 64 crore Bofors payoff case. (Photo: File)
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Bhubaneswar: The Central Bureau of In-vestigation (CBI) on Thu-rsday conducted raids on the residences of two contractors, who were arrested earlier in connection with financial irregularities of Hindustan Aeronautics Limited (HAL).

As per the available information, a five-member team of the CBI raided the houses of G. Sudan Khusla and Sadananda Nayak, accused of committing a financial irregularities to the tune of Rs 1 crore. Sources said the CBI has registered complaints against seven employees of the HAL.

The three arrested contractors had received Rs 5 crore from HAL between January and August, 2018, sources added. On October 13, the Sunabeda police had arre-sted three contractors on the charges of fraudulently transferring Rs 45 la-kh to their bank accounts.

The main accused, Bha-ben Maitra, a senior Man-ager (Finance) of HAL, is still absconding. who had fled after burning official documents and currency notes on last Sunday.

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