Economic offenders who fled the country owe ₹39,000 crores to Indian Banks?

[ad_1] Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. Despite having arrest warrants issued against them, these FEOs have left India and refuse to return to avoid criminal prosecution. Of this, the principal amount owed is ₹26,645 crore, while interest accounts for ₹31,437 crore. To date, banks […]

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Former IDBI GM conspired with Vijay Mallya over short-term loan to Kingfisher Airlines: CBI

[ad_1] Central Bureau of Investigation HQ, in New Delhi. File | Photo Credit: PTI A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter’s Kingfisher Airlines, the Central Bureau of Investigation (CBI) said in its supplementary charge sheet filed in a Mumbai court. Vijay Mallya […]

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Morning Digest | Situation under control in Goa, says Congress; all eyes on Trinamool as Murmu visits West Bengal, and more

[ad_1] Mamata Banerjee’s remarks on Droupadi Murmu keeps everyone guessing West Bengal Chief Minister and Trinamool supremo Mamata Banerjee on July 1 had softened her stand on the NDA candidate, saying that if she was aware of Ms. Murmu’s candidature earlier, things would have been different. New U.K. Prime Minister to be announced on September 5 […]

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