Binani scion moves HC over SFIO’s summons relating to ‘movement of funds’

Shradha Binani, daughter of Brij Binani of Binani Cements (BCL), has moved the Bombay high court to challenge summons issued to her by the Serious Fraud Investigation Office (SFIO). The HC bench of Justices Gautam Patel and Madhav Jamdar gave her time on Monday to file a rejoinder to the SFIO affidavit, which alleged that its probe “revealed about movement of huge funds since year 2010, to (her) personal bank account from related companies of BCL”.

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