The Central Bureau of Investigation on Tuesday filed a police complaint against the promoters of the Ranchi Expressway Ltd, including Managing Director K Srinivasa, for causing a loss of over 1,000 crore in Ranchi-Jamshedpur (NH-33) project to a consortium of banks led by Canara Bank.
The project to widen NH-33 to four lanes - between Ranchi and Jamesdpur section, stretching nearly 163 kilometers - was given to the Madhucon Project Limited in 2011 by the National Highway Authority Of India.
The estimated cost of the project, which was supposed to be finished in five years, was Rs 1,655 crores.
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