CBI raids Paramount office, MD's home

Madurai: CBI raided the office of the Paramount Group and residence of Paramount Airways Managing Director M Thiagarajan in connection with allegedly irregular financial transactions.
CBI officials said the raids were conducted in connection with non-repayment of a large amount of bank loans, but refused to give details.
Some officials said the raids could also be linked to the recruitment of pilots scam by the group.
18/07/11 Indian Express

To Read the News in full at Source, Click the Headline

Categories: Paramount Airways Jul 2011