ED attaches assets worth ₹19,111 crore of loan fugitives
Out of the attached assets, ₹15,113 crore, which is 66.91% of the defrauded amount, has been restituted to public sector banks, finance ministry told Lok Sabha.
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March 2022
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How banking frauds mount
AGB Shipyard’s loan defaults were known since 2013 and continued to be ignored till 2016. Its frauds were found out in 2019 and yet not much happened until it exploded in February 2022.
U.K. signs off on Nirav Modi’s extradition
The jailed diamantaire can still appeal against the United Kingdom's home ministry's nod, but the prospect of him returning to India draws near.
India’s largest liquor firm gets its first woman CEO
Hina Nagarajan has been named as the new MD and CEO of United Spirits Limited; she will join on April 1, 2021 as CEO-designate. But she isn't the first in the spirits industry.
Mallya’s appeal against extradition shot down
Vijay Mallya’s extradition to India is now in the hands of the U.K. government. The former liquor baron is wanted for fraud and money laundering amounting to ₹9,000 crore.
Mallya repeats offer to repay 100% to banks
‘I wish the FM would listen in this time of crisis,’ the beleaguered industrialist tweeted; he has challenged an extradition warrant against him in the U.K.
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
Fortune India: Best of 2018
As 2018 draws to a close, here’s a look at some of our best stories.
Prestige: E for expansion
Realty major Prestige is getting out of its comfort zone in south India and laying the groundwork for projects in Mumbai and the NCR.
Eighth anniversary special: Newsmakers
Those who grabbed the headlines in the past eight years.
