Monday, March 31, 2025

Creating liberating content

HYDERABAD: On the day Telangana chief minister A Revanth Reddy

Rajasthan Royals’ Wanindu Hasaranga celebrates with teammates the wicket of

AHMEDABAD: A sessions court in Ahmedabad recently acquitted four men

TIRUPATI: A goldsmith, his wife, and their two sons were

Related News

HYDERABAD: On the day Telangana chief minister A Revanth Reddy hailed fine rice distribution as a historic welfare scheme, Union minister and Karimnagar MP, Bandi Sanjay, on Sunday asked him

Rajasthan Royals’ Wanindu Hasaranga celebrates with teammates the wicket of CSK’s Shivam Dube. (PTI Photo) In a thrilling doubleheader on Sunday, Wanindu Hasaranga and Mitchell Starc delivered match-winning performances as

AHMEDABAD: A sessions court in Ahmedabad recently acquitted four men accused of rioting and arson in the city’s Naroda area during communal violence that followed Babri Masjid demolition in 1992-93.

TIRUPATI: A goldsmith, his wife, and their two sons were found dead in their house in Madakasira of Andhra Pradesh’s Sri Sathya Sai district on Sunday morning, with preliminary evidence

In today’s dynamic and competitive world, success isn’t just about technical expertise or academic qualifications, it’s equally dependent on soft skills. These interpersonal and basic behaviour shape how one creates

Fifty Maoists, including 14 with hefty bounties, surrendered in Bijapur, Chhattisgarh, just before PM Modi’s arrival in Raipur. This mass surrender follows the killing of 17 Maoists by security forces

Trending News

NEW DELHI: Wiser by the initial experience with production-linked incentive (PLI) scheme, govt is now looking at a more comprehensive approach for champion sectors, complete with a package for inputs,

IndiGo’s parent company, InterGlobe Aviation, faces a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The company described the order as erroneous and

NEW DELHI: Punjab National Bank (PNB) , the country’s second largest public sector lender, is set to step up its focus on customer service as well as retail, agriculture and

NEW DELHI/ MUMBAI: In a fresh lifeline to Vodafone Idea, govt has decided to convert Rs 36,950 crore of spectrum dues into equity, making it the largest shareholder in the

NEW DELHI: The Indian economy is likely to grow at 6.5% in the fiscal year starting April 1, EY Economy Watch said. The March edition of the report projects India’s

Haldiram‘s, India’s largest packed snacks and sweets company, has officially entered into a strategic investment agreement with Singapore-based global investment firm Temasek. Under the deal, Temasek will acquire an equity

ED attaches Rs 579 crore assets in Amtek Auto bank fraud case | India News

Word Count: 517 | Estimated Reading Time: 3 minutes


ED attaches Rs 579 crore assets in Amtek Auto bank fraud case

New Delhi: In one of the biggest bank fraud cases, in which Rs 27,000 crore is outstanding to govt banks, ED Wednesday attached about Rs 579 crore worth of assets of Gurugram-based Amtek Auto Ltd and other group entities. This is in addition to over Rs 5,000 crore of assets of the company and its promoters attached by the agency earlier last year.
The fresh attachments include land worth Rs 342 crore in Punjab & Rajasthan, fixed deposits and bank balances of Rs 113 crore, and mutual funds and shares valued at Rs 124 crore. The probe against Amtek was initiated after SC asked ED to track laundered proceeds of crime as the victim banks — Bank of Maharashtra and IDBI Bank — had to take 80% haircut on loans extended to the group entities after the company went into insolvency.
The money trail revealed Amtek had floated over 500 shell companies to siphon off bank loans & invested ‘proceeds of crime’ to purchase personal properties.
Promoter of Amtek Auto Arvind Dham was arrested by Enforcement Directorate last year after it found all of Amtek’s assets were ‘proceeds of crime’ and held through several companies “beneficially owned” by Dham.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account