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The fresh action was initiated on a complaint from the Union Bank of India against the businessmen who are embroiled in an Rs.4,300 crore Punjab and Maharashtra Cooperative (PMC) Bank scam case, officials said

CBI books HDIL promoters Rakesh and Sarang Wadhawan in a fresh case of Rs.140...

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Wadhawan brothers booked in a fresh case of bank fraud The Central Bureau of Investigation (CBI) has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan...
The ED has acted under the anti-money laundering act for both cases

ED attaches properties linked to Shiv Sena’s Sanjay Raut and AAP’s Minister Satyendra Jain

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SS's Sanjay Raut, AAP's Satyendra Jain under ED radar Tuesday proved to be the Enforcement Directorate’s (ED) property attachment day as it attached properties of...
ED arrested Rana Kapoor in loan fraud case linked with PMC Bank

ED arrests Yes Bank co-founder Rana Kapoor in fresh money laundering case related PMC...

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ED arrested Rana in fresh money laundering case The Enforcement Directorate (ED) has arrested Yes Bank’s main promoter Rana Kapoor in a fresh money laundering...
A section of neo-Right-Winger's, Paid Agents and Tweetitutes periodically gangs up to spew venom against Subramanian Swamy

Attention: Paid Agents and Tweetitutes in the Right-Wing ecosystem

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Who is a Tweetitute? A Tweetitute is similar to and acts like a Presstitute. Many Corporates and Political parties engage such persons to tell ten...
Normally, the RBI initiates the action after regulatory supervision exposes wrongdoing and if it feels that the financials are weak for it to continue.

PMC Bank and the present status of operation and supervision of urban cooperative banks...

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PMC’s collapse is unlikely to impact financial markets or other private/public sector banks as co-operative banks have meagre dealings in money markets as they...

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