The Enforcement Directorate has successfully auctioned a seized Hawker 800A aircraft for Rs 3 crore. This action is part of an ongoing money laundering investigation into a Hyderabad-based company, Capital Protection Force Pvt. Ltd., accused of defrauding investors of Rs 792 crore through a Ponzi scheme. The proceeds from the auction will be used for restitution to genuine investors.
The Income Tax Department had last month auctioned several art works that were owned by absconding diamond merchant Nirav Modi for Rs 59.37 crore.
The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.
Non-mineral-rich states will benefit from tariff concessions.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
