After availing credit limits from bank, a company owned by BJP leader Mohit Kamboj allegedly diverted funds through a web of companies and fabricated documents.
Vijay Mallya also claimed that ED, CBI have treated him 'unreasonably' and also offered to repay banks 100 per cent of the principal amount owed to them.
The cases pertain to SBI, PNB, Andhra Bank, OBC, IOB, Allahabad Bank, Canara Bank, Dena Bank, Punjab and Sind Bank and Bank of India among other banks, CBI said.
Rakesh Asthana’s name appeared in the Sterling Biotech diaries seized in 2011, but it has not been mentioned in five prosecution complaints filed so far.
The affidavit says Choksi is a "most intelligent and powerful influential identity and has hired a whole legal team for the purpose of doing systematic fraud".
India’s nearly $1.7 trillion formal banking sector is coping with $210 billion of problem loans, and some regional banks have been ensnared in fraud scandals.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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