(a) whether the Central Bureau of Investigation (CBI) have sought information from Handicrafts and Handloom Exports Corporation of India Limited (HHEC) regarding availing of buyer’s credit and passing on difference amount between interest earned on fixed deposits and interest charged by foreign banks for providing buyer’s credit; and
(b) if so, the details thereof with the names of bullion parties/entrepreneurs against whom such information has been sought by the CBI?
MINISTER OF STATE FOR TEXTILES
(SHRI AJAY TAMTA)
(a) & (b): Yes, Madam. Central Bureau of Investigation (CBI) has sought information from Handicrafts and Handloom Exports Corporation of India Limited (HHEC) regarding transaction of buyer’s credit of the bullion import case of M/s Edelweiss Commodities Limited (ECL). The bullion parties whose payments have been withheld by HHEC have followed the process of imports as per agreements which are identical to the agreement signed between ECL and HHEC.
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