CBI files FIR against Mumbai firm, its director for defrauding public funds

New Delhi, 6/3: The CBI has filed an FIR against Mumbai-based firm Jai Corporation and its director and promoter Anand Jaikumar Jain for alleged misappropriation in the Rs 2,434 crore mobilised through the public during 2006-08, officials said Wednesday.

The move comes on the orders of the Bombay High Court after a complaint was filed by activist Shoaib Richie Sequeira.

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