Rs 24-crore ‘fraud’: Court refuses bail to directors of private firm in Delhi

A special CBI court Monday refused to grant bail to the directors of a Delhi-based private company, Raksha Global Steel Private Limited, in connection with alleged fraud to the tune of Rs 24.64 crore. Special Judge Vijender Kumar Goyal dismissed the bail plea of the accused Vikas Singla and his brother Sumit Singla, who were arrested by the CBI in connection with the case and are accused of "diverting funds through the cash-credit account".