CBI arrests telecom firm promoter Sunil Kakkad in Rs126 crore bank loan scam

Sunil Kakkad, promoter of Click Telecom, was arrested by CBI for allegedly cheating a consortium of SBI, Canara Bank and Vijaya Bank to the tune of Rs126 crore
Source: Livemint.com (http://www.livemint.com/rss/industry)