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New Delhi [India], August 19 (ANI): The Enforcement Directorate (ED) has arrested Vuppalapati Satish Kumar, Managing Director (MD) of Prithvi Information Solutions Limited (PISL), for money laundering and causing a loss of around Rs 3,316 crore to a consortium of public sector banks, the agency said on Thursday. ....
V Satish Kumar was arrested under the Prevention of Money Laundering Act 2002, with the connivance of his sister Hima Bindu B, MD of VMC Systems Limited, a Hyderabad-based telecom equipment manufacturer. ....
ED arrests PISL managing director in ₹3,316-crore bank fraud case thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.