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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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.
The Enforcement Directorate on Wednesday conducted raids at many locations in and around Delhi as part of a money laundering probe against former senior executives and promoters of liquidated dairy products maker Kwality, according to a PTI report.
The raids are part of a case filed against Kwality and its directors in September 2020 for allegedly defrauding a consortium of banks to the tune of Rs 1,400 crore.
“The forensic audit of the accounts showed that out of the total sale of Rs 13,147.25 crore made by the company, only Rs 7,107.23 crore were routed through the consortium of banks. …
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
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.
Predatory loan apps with links to China continue to flourish unabated. It’s time to pay attention to what’s aiding this unchecked rise.
