New Delhi, Dec 7 (PTI) The IRB Infrastructure Developers

stock today settled with losses of over 2 per cent after the

company said that the CBI has filed a charge sheet against the

company.

The CBI yesterday filed a charge sheet against 16 people

including senior officials of IRB Infrastructure in the

sessions court here in connection with a land scam exposed by

the slain RTI activist Satish Shetty in 2009.

CBI prosecutor Vijaykumar Dhakane said the 2,000-page

charge sheet names 16 persons including IRB chairman and

managing director Virendra Mhaiskar, Deepak Gadgil, authorised

signatory of M/s Aryan Infrastructures (a subsidiary of Ideal

Road Builders), revenue officials, land agents, lawyers and

some farmers.

Following the news, the company stock plunged 7.28 per

cent to touch an intra-day low of Rs 194.70 on the BSE. At the

end of the session, the stock was quoted at Rs 205.20, down

2.29 per cent.

On the NSE, it opened at Rs 201.50, then fell to an

intra-day low of Rs 194.30, and finally settled at Rs 205.45,

down 2.05 per cent over its previous closing price.

“The Central Bureau of Investigation has filed a charge

sheet today with the Sessions Court, Pune in the matter of

alleged illegal purchase of government land in village

Pimploli and nearby, Taluka Maval, District Pune by Aryan

Infrastructure Investment Private Ltd (AIIPL), a subsidiary of

M/s IRB Infrastructure Developers Limited,” IRB Infrastructure

had said in a regulatory filing yesterday.

The company and its officials have been fully co-

operating with the authorities during the course of the

investigation and have provided all information and document

upon request, it added.

This is published unedited from the PTI feed.