Business Tit-Bits: Frauds, Corporates and the Slowdown
India’s economic slowdown has coincided with receding fortunes of corporates and the collapse of many companies, who at one point of time were industry leaders/icons...
Tag : Sterling Biotech
Those who got away
“The banks’ woes continue not just because no worthy corporates are borrowing afresh, but moreso because there are new ones further emerging on the horizon”...
Window dressing India
“Window dressing is either a blatant lie or a half-truth, both of which are not permissible” The Indian economy has been a victim of...
Why don’t we punish them enough?
The biggest financial crimes in India, are those that are committed by corporate and banking fraudsters. They cheat the public on a mega scale and...
Banks back to square one
by News Desk
At a time when India’s giant bad loan/NPA problem was continuously rising and was defying any resolution, the Insolvency and Bankruptcy Code, (IBC) was ushered...
Accused in Rs 8,100-crore Sterling Biotech loan fraud held in Albania
New Delhi | Hitesh Patel, an accused in the Rs 8,100-crore bank loan fraud allegedly perpetrated by Gujarat-based Sterling Biotech group, has been detained in Albania...
Accused in Rs 8,100-crore Sterling Biotech loan fraud held in Albania
New Delhi | Hitesh Patel, an accused in the Rs 8,100-crore bank loan fraud allegedly perpetrated by Gujarat-based Sterling Biotech group, has been detained in Albania...
Why do bankers favour the Sterling Biotech fraudsters?
by News Desk
The murky and criminal case of Sterling Biotech, a so called pharma company, which is not just a huge NPA account, but is a declared...
Sterling Biotech case: Delhi Court takes cognizance of charge sheet
New Delhi | A Delhi court took cognizance on Wednesday of a supplementary charge sheet in connection with the over Rs 5,000 crore-bank loan fraud case...
Delhi Court directs ED to file charge sheet against accused in bank loan fraud case of over Rs 5ooo crore
New Delhi | A Delhi court has directed the Enforcement Directorate (ED) to file within a week its charge sheet against a man arrested in over...