IRB Infra settles 2 pc down as CBI files charge sheet

New Delhi, Dec 7 (PTI) The IRB Infrastructure Developersstock today settled with losses of over 2 per cent after thecompany said that the CBI has f...

New Delhi, Dec 7 (PTI) The IRB Infrastructure Developersstock today settled with losses of over 2 per cent after thecompany said that the CBI has filed a charge sheet against thecompany.

The CBI yesterday filed a charge sheet against 16 peopleincluding senior officials of IRB Infrastructure in thesessions court here in connection with a land scam exposed bythe slain RTI activist Satish Shetty in 2009.

CBI prosecutor Vijaykumar Dhakane said the 2,000-pagecharge sheet names 16 persons including IRB chairman andmanaging director Virendra Mhaiskar, Deepak Gadgil, authorisedsignatory of M/s Aryan Infrastructures (a subsidiary of IdealRoad Builders), revenue officials, land agents, lawyers andsome farmers.

Following the news, the company stock plunged 7.28 percent to touch an intra-day low of Rs 194.70 on the BSE. At theend of the session, the stock was quoted at Rs 205.20, down2.29 per cent.

On the NSE, it opened at Rs 201.50, then fell to anintra-day low of Rs 194.30, and finally settled at Rs 205.45,down 2.05 per cent over its previous closing price.

"The Central Bureau of Investigation has filed a chargesheet today with the Sessions Court, Pune in the matter ofalleged illegal purchase of government land in villagePimploli and nearby, Taluka Maval, District Pune by AryanInfrastructure Investment Private Ltd (AIIPL), a subsidiary ofM/s IRB Infrastructure Developers Limited," IRB Infrastructurehad said in a regulatory filing yesterday.

The company and its officials have been fully co-operating with the authorities during the course of theinvestigation and have provided all information and documentupon request, it added. PTI DRRSA.

This is unedited, unformatted feed from the Press Trust of India wire.

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