Mehta family, living in London, is linked to a series of bank frauds. While CBI has filed 16 cases against Mehta, his wife Sonia & sons Suraj and Vishal face a dozen cases of fraud.
The two have been in custody since April 2020 in connection with loans worth Rs 57,252 cr availed by DHFL from consortium of 17 banks. Other co-accused in related cases out on bail.
CBI has booked Anil Ambani’s son on Union Bank of India’s complaint against his finance firm that caused alleged loss of Rs 228 crore. Raids were conducted Tuesday.
The order comes weeks after a separate bench proposed dropping all criminal charges against the billionaire Sandesara brothers, given that they deposited Rs 5,100 cr as settlement with defrauded banks.
Choksi can still appeal against extradition to higher court. India has guaranteed Choksi will be kept in humanitarian conditions at par with European human rights laws.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Nehal Modi, an accused in Rs 13,000 cr PNB fraud case, allegedly directed and facilitated movement of funds, appointed dummy directors & told them to make false statements.
Sakshi Gupta, 26, a relationship manager at ICICI Bank’s Kota branch, turned financial inexperience of her mostly elderly customers into personal opportunity. She's now in judicial custody.
Country's used lithium-ion battery problem is also set to grow sharply in next decade. India 3rd largest e-waste producer with 7% global share but currently recycles only about 10% of it.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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