That signature in 2012 cost Chanda Kochhar everything she held dear. Blown to smithereens was an A-list reputation as an ace banker — something she had painstakingly built over three decades of hard work. Jeopardised were the prospects of a gracious exit from ICICI Bank, one of India’s largest. Torn asunder were chances of a lucrative career thereafter. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?
Salini case investment
He was arrested on Monday under PMLA charges in connection with the ICICI Bank-Videocon money laundering case. A city court on Tuesday remanded businessman Deepak Kochhar, the husband of ICICI Bank’s former chief executive officer Chanda Kochhar, in ED custody till September 19. The investigating agency had stated that Kochhar’s custodial interrogation was necessary to uncover certain crucial aspects of funds and money-trail in the ICICI-Videocon loan case. Kochhar was arrested by ED on Monday night as part of its money-laundering probe in the ICICI-Videocon loan case, which pertains to irregularities linked to sanctioning of six loans worth Rs 1,875 crore by ICICI Bank to five firms of the Videocon Group between June 2009 and October 2011. ED had registered its case under the provisions of the PMLA on the basis of a case registered by the CBI in January 2019 under sections including those related to cheating, criminal conspiracy of the IPC and relevant sections of the … [Read more...] about Money laundering case: Deepak Kochhar in ED custody till Sep 19
“During the investigation, CID found that these companies were not registered by Reserve Bank of India (RBI) as non-banking financial companies (NBFC) and had no rights to collect fixed deposits,” read a statement by the CID issued by Sandeep Diwan, superintendent of police, EOW. … [Read more...] about Maharashtra CID arrests two in cheating case of ₹3,700 cr
The ED probe revealed that Faiz and Ashraf were the alleged masterminds behind the gold smuggling. “Faiz picked the women carriers staying in Dubai with their family, who were in need of money, and executed the smuggling. Accused Ashraf was the main investor in the gold purchase and smuggled the same to India with the help of Faiz, who had good relationship with many prominent persons in Kerala,” said the agency. … [Read more...] about ED attaches assets in Kerala gold smuggling case
Investigation further showed that Lekoil sought consent in January 2016, well ahead of OPL 310 license expiry date and in the wake of continuous government inaction applied to the Federal High Court in March 2018 for a declaration that consent is deemed to have been granted to it to increase its stakes. … [Read more...] about Nigeria losses investments worth billions of dollars
"Equally important for us is the chance to similarly demonstrate to young women from a variety of backgrounds that real opportunities exist for them within the financial services industry.There is a clear lack of gender equality and diversity in the City and we hope that our partnership with London Pulse will help attract more female professionals, not just to Atlantic House Investments but to the investment industry as a whole." … [Read more...] about London Pulse have announced three-year, six-figure partnership with Atlantic House Investments