SFIO arrests Bhushan Steel former promoter Neeraj Singhal.
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The following news item appeared in the international steel industry press.

Title: SFIO arrests Bhushan Steel former promoter Neeraj Singhal
Date: Thu, 09 Aug 2018 00:00:00 GMT

Report: Serious Fraud Investigation Office (SFIO) has made its first arrest. Neeraj Singal, erstwhile Promoter & Managing Director of Bhushan Steel Ltd. has been arrested by SFIO. He was produced before Court of competent jurisdiction today & sent to judicial custody till 14th August 2018. He is accused of siphoning off funds of over Rs 2000 crore from the loans availed by Bhushan Steel Limited using more than 80 companies.
Keywords: sfio, ore, steel, bhushan, promoter, neeraj

Source: The Economic Times, Haryana, India.
Press release: see full report.

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