The probe agency conducted searches at Nawandar’s premises last week and recovered a large number of uber-luxury watches worth crores, the officials said.
CBI FIR claims DHFL promoters, in connivance with others, duped a consortium of 17 banks to the tune of Rs 34,615 crore and diverted these funds to entities 'connected to DHFL'.
According to CBI, DHFL created 2.60 lakh fake accounts and disbursed home loans worth Rs 14,046 cr between 2007-2019 to avail interest subsidy under Pradhan Mantri Awas Yojana.
DHFL’s committee of creditors has approved Piramal Capital’s offer of around Rs 37,000 crore for the company, which has a debt of nearly Rs 85,000 crore.
Oaktree Capital Group has offered Rs 366.5 billion, up from Rs 310 billion in its previous bid for DHFL. Piramal Enterprises and Adani Group also improved their proposals.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
The Chinese aircraft has uncanny similarities to the American F-35 jet. There are claims that China copied the design. Cyber theft of F-35 design data was reported in 2009.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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