<p>New Delhi: The <a href="https://www.deccanherald.com/tags/cbi">CBI</a> 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.</p>.<p>The move comes on the orders of the Bombay High Court after a complaint was filed by activist Shoaib Richie Sequeira.</p>.<p>Sequeria had alleged that funds were mobilised from the public for the Urban Infrastructure Opportunities Fund scheme for the purpose of real estate business in Mumbai and other cities.</p>.Bofors: CBI sends judicial request to US, seeks information from private investigator.<p>It is alleged that funds were diverted for setting of companies in tax havens, for allege fraudulent trading of future and options of a leading oil major and other illegal activities.</p>.<p>The Bombay High Court on January 31 had directed the agency to create an SIT to probe the complaints.</p>.<p>Jai Corporation is engaged in the manufacture of steel, plastic processing and spinning yarn.</p>
<p>New Delhi: The <a href="https://www.deccanherald.com/tags/cbi">CBI</a> 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.</p>.<p>The move comes on the orders of the Bombay High Court after a complaint was filed by activist Shoaib Richie Sequeira.</p>.<p>Sequeria had alleged that funds were mobilised from the public for the Urban Infrastructure Opportunities Fund scheme for the purpose of real estate business in Mumbai and other cities.</p>.Bofors: CBI sends judicial request to US, seeks information from private investigator.<p>It is alleged that funds were diverted for setting of companies in tax havens, for allege fraudulent trading of future and options of a leading oil major and other illegal activities.</p>.<p>The Bombay High Court on January 31 had directed the agency to create an SIT to probe the complaints.</p>.<p>Jai Corporation is engaged in the manufacture of steel, plastic processing and spinning yarn.</p>