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Unease Of Doing Business In Kerala: Kitex Saga Reveals An Ideologically Nurtured Hostility To Private Enterprise swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
✖ Synopsis Funds were diverted from a term loan granted to Oyster Buildwell, an Avantha Group company with no real business or assets. Both Edelweiss and Aditya Birla Finance, which received INR285 crore and INR190 crore, respectively, deny any knowledge of source of funds utilised to repay their dues, which occurred in normal course. Investigators have traced proceeds of an INR500 crore loan granted by Yes Bank to a little-known company in the Thapar Group that was utilised to repay loans and dues of other stressed group companies. Oyster Buildwell, a subsidiary of Avantha Realty, had routed the proceeds of the loan it received through various other group companies for purposes other than for which the loan was granted. Among the ultimate recipients of these loan funds were ....
Furore at EICL over contract worker’s death Updated: Updated: Body found hanging on company premises, some employees seek investigation Share Article AAA The body of Prafullakumar (inset) being shifted to the Government Medical College Hospital in Thiruvananthapuram from the EICL compound on Saturday evening.
Body found hanging on company premises, some employees seek investigation Tension prevailed at the English Indian Clays Ltd. (EICL) at Kochu Veli for several hours on Saturday after an employee was found dead on the company premises. The deceased was identified as Prafullakumar, 50, of Madhavapuram, Veli, a contract employee at the EICL. Angered over the death, EICL employees prevented the police from shifting his body from the premises. ....