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.
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.
According to ED, large-scale misappropriation of funds was orchestrated at the said branch, primarily by the branch manager, B Shobha, on the instructions of R M Manjunatha Gowda.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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