CBI books ex-Aircel promoter’s firms in Rs 600 crore bank fraud

The CBI has registered a case against former Aircel promoter C. Sivasankaran, his companies Axcel Sunshine Ltd and Finland-based WinWinD Oy for defaulting a loan of Rs 600 crore sanctioned by IDBI bankNSE -0.97 %, an official said on Thursday.

The agency on Thursday also carried out searches at 50 locations across Delhi, Mumbai, Faridabad, Gandhinagar, Chennai, Bengaluru, Belgaum, Hyderabad, Jaipur and Pune including at residences of former senior IDBI bank officials.

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