<p>The central agency, looking for evidence in the misappropriation of iron ore stocks at the STCL, raided the houses of MD K C Ponanna, general manager (marketing) K L Anand Sai, general manager (personnel administration) N Devaraja Gowda, three chief managers and two managers, between 7 am and 4 pm, sources said. <br /><br />The raids were carried out in connection with misappropriation of iron ore stocks worth Rs 75 crore. <br /><br />Sources said the officers allegedly exported the stocks via New Mangalore, Vizag and Goa ports in November-December 2008, without refunding the money to the Corporation. The CBI secured various documents and inquired the officers about their assets.</p>
<p>The central agency, looking for evidence in the misappropriation of iron ore stocks at the STCL, raided the houses of MD K C Ponanna, general manager (marketing) K L Anand Sai, general manager (personnel administration) N Devaraja Gowda, three chief managers and two managers, between 7 am and 4 pm, sources said. <br /><br />The raids were carried out in connection with misappropriation of iron ore stocks worth Rs 75 crore. <br /><br />Sources said the officers allegedly exported the stocks via New Mangalore, Vizag and Goa ports in November-December 2008, without refunding the money to the Corporation. The CBI secured various documents and inquired the officers about their assets.</p>
