ED, CBI continued to battle for extradition of Mallya, Nirav
By
Anand Singh ( IANS) |
Published on
Tue, Dec 29 2020 20:03 IST |
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Nirav Modi. (File Photo: IANS) Image Source: IANS News
New Delhi, Dec 29 : Even as the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) moved further in several high-profile cases, both central agencies remained entangled in a legal battle for the extradition of now-defunct Kingfisher Airlines founder Vijay Mallya and fugitive diamantaire Nirav Modi.
The CBI and the ED made progress in several cases like the ICICI-Videocon loan case involving former bank Chair and Managing Director Chanda Kochhar, and Yes Bank scam case involving its founder Rana Kapoor.
For fintech players the year offered opportunities like no other. Payments gateway Razorpay and investment platform Zerodha entered the billion-dollar club, as digital payments and investments boomed. A class apart Online education sparks investments in edtech space The boom in online education made a decacorn of learning platform Byju’s and sparked a flurry of investments in the edtech space, notably in Vedantu, Unacademy and Topprs. The trend is set to hold up. A checkout Former HDFC Bank Aditya Puri It was time to say goodbye for one of the banking industry’s most prominent faces. After a 25-year stint that saw HDFC Bank go from a start-up to an industry leader, Aditya Puri stepped down as its CEO in October as he turned 70, paving the way for Sashidhar Jagdishan.
Tata Sons Vs Cyrus Mistry
The Supreme Court continued final hearings in the dispute between Tata Sons and Shapoorji Pallonji Group, as the conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the Shapoorji Pallonji (SP) Group, was sacked as chairman of Tata Sons. The SP Group is the largest minority shareholder in Tata Group.
Both parties have challenged a December 2019 order of the National Company Law Appellate Tribunal (NCLAT) which had directed the reinstatement of Mr Mistry, who had alleged shareholder oppression and mismanagement at Tata Sons, as the chairperson of the Tata Group holding company.
Post unlockdown: Prison population increases to 31,000 in Maharashtra
While at one point during the lockdown, the inmate population had reduced to nearly 24,000 a little over its official capacity of 23,217 nearly half of the state’s prisons are overcrowded again, some housing inmates more than double their capacities. December 16, 2020 12:24:41 am
New arrests due to increase in crimes and denial of bail citing the unlockdown are factors leading to congestion in jails, even as the danger of the pandemic still looms. (Representational)
Even as apprehensions of a second wave of Covid-19 remain, prisons in the state have become congested again with the current population nearing 31,000. While at one point during the lockdown, the inmate population had reduced to nearly 24,000 a little over its official capacity of 23,217 nearly half of the state’s prisons are overcrowded again, some housing inmates more than double their capacities.
Chanda Kochhar involved in okaying 46% of loan proposals for Videocon: ED
Thu, Dec 10 2020 07:03:10 PM
By Anand Singh
Mumbai, Dec 10 (IANS): Chanda Kochhar was part of the committee or present in meetings where 46 per cent proposals of Videocon Group were agreed to, and out of which eight proposals amounting to Rs 5,394 crore were sanctioned after she became MD and CEO of ICICI Bank, the Enforcement Directorate (ED) said in its charge sheet in connection with ICICI-Videocon loan case.
The 308-page charge sheet filed by ED before a Special Prevention of Money Laundering Act (PMLA) court here last month, which has been viewed by IANS, claimed that the investigations under PMLA revealed: Chanda Kochhar was part of the committee or present in the meeting in 28 proposals (46 per cent of all proposals) of Videocon Group.