-PTI CVC Commissioner says bankers need have no fear if their decisions are bonafide New Delhi: The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide. Vigilance Commissioner T M Bhasin told PTI that bankers need to "muster courage" to recover their money individually or collectively from defaulters. His assertion...
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NDTV probe: Private banks fear debt resolution may be hit -Mayur Shetty
-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest rate to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...
More »How taxmen nabbed black money hoarders who tried to beat the note ban -N Sundaresha Subramanian
-Business Standard Relatives' accounts, meddling with accounting software and shell cos used to hide unaccounted cash Two major civil contractors of Bengaluru, who undertake state government civil contract works from irrigation and other departments, were alleged to have engaged in massive inflation of expenses and investment of unaccounted income in the purchase of immovable properties. Discreet enquiries by the Income Tax (I-T) department revealed that they were helping in the conversion of unaccounted...
More »In Detailed Judgment On Coal Scam Case, Huge Relief For Manmohan Singh -Tanima Biswas
-NDTV During arguments in court, Former coal secretary HC Gupta had claimed that then Prime Minister Manmohan Singh had given the "final approval" in the case. New Delhi: A judgment which convicted three former coal ministry officials for corruption in one of the cases related to the coal scam on Friday has also given a huge relief to former Prime Minister Manmohan Singh, who was in charge of the coal ministry...
More »Court convicts 1st secretary-level bureaucrat in Coalgate case
-The Times of India NEW DELHI: A special CBI court on Friday convicted former coal secretary H C Gupta and others in a case pertaining to the allocation of a coal block to Kamal Sponge Steel and Power Limited (KSSPL). Gupta is the first secretary-rank officer to be convicted in a case pertaining to coal block allocation. Special CBI judge Bharat Parashar also convicted the coal ministry's former joint secretary K S Kropha...
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