ED raids former directors, promoters of liquidated Kwality
The raids are to do with a 2020 case that accused the dairy products firm of cheating a consortium of banks of Rs 1,400 crore.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Anil Ambani owes his gravy train ride to apathy, leniency
Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been
Anil Ambani’s comeback is anything but one
The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.
The Chinese threat to Indian fintechs
Predatory loan apps with links to China continue to flourish unabated. It’s time to pay attention to what’s aiding this unchecked rise.