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CBI raids ARSS infra company

Bhubaneswar: The CBI today raided the headquarters of ARSS Infrastructure Project Limited here and the house of its director along with other five places simultaneously over financial embezzlement.

A team of CBI officials from Kolkata has conducted the raid. The company had allegedly borrowed Rs 62 crore from a bank for construction of a project. However, it neither had constructed the project nor returned the amount to bank.

The CBI had moved court seeking permission to search house of company director and office. After obtaining search warrant from Court, the agency carried out the raid.

 

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