SFIO grills Bhushan Steel chairman

The serious fraud investigation office (SFIO) on Thursday questioned debt-ridden Bhushan Steel’s chairman Brij Bhushan Singal about alleged siphoning of Rs 1,000 crore, a source said.

The agency, which comes under the corporate affairs ministry, has been probing allegations of fund diversi­o­ns at the firm since last year.

According to the source, Singal was questioned by SFIO here in the matter related to alleged siphoning of huge amount of funds.

The diversion of funds is estimated to be overRs 1,000 crore, the source added. Calls made to Bhushan Steel officials for comments remained unanswered.