India Cements MD violated norms: CBI

India Cements MD violated norms: CBI

The CBI, which is investigating into the disproportionate assets case of YSR Congress chief YS Reddy, told the Hyderabad High Court that N Srinivasan, managing director of India Cements, sold away the shares he acquired in Bharati Cements. The CBI said that the sale of shares was done in a manner contrary to the provisions of FEMA.

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