Neeraj singhal wife and husband today

A special court remanded Singhal in ED custody until June Four to five years ago, the forgery was discovered, and Tata Steel later acquired the insolvent Bhushan Steel. Reportedly investigating agencies have discovered that Neeraj took money from banks in the name of the business and used it for his luxury. These funds were used for various personal uses like buying expensive cars and other products.

According to the ED, investigations revealed that the promoters, directors, and employees of Bhushan Steel Limited created fake documents, presented false information to banks to have Letters of Credit discounted, and routed money to their network of unreliable businesses.

Neeraj singhal bhushan steel

Bhushan Steel obtained loans totalling thousands of crores from public and commercial institutions in the name of building a new facility and purchasing machinery. The company was placed on a bank blacklist after taking out a sizable loan but failing to pay the interest on time. In Trends:. The investigating agencies found that Neeraj took money from banks in the name of the business and used it for his personal use.