Law is for you and me, not for likes of Anil Bhai. He knows of too many skeletons in many of bigwigs.
Anilbhai's in hot water. Wonder if mota bhai & Narendrabhai will bail him out. Guess after Pipavav, DRAL is the next casualty.
Sigh! It's not even 2022 & optimism has run it's course.
@Milspec
Similar Questions asked.
Anilbhai's in hot water. Wonder if mota bhai & Narendrabhai will bail him out. Guess after Pipavav, DRAL is the next casualty.
Sigh! It's not even 2022 & optimism has run it's course.
@Milspec
When was this interview broadcast? Strangely, even the opposition is silent. If this news breaks out in MSM in a massive way, DRAL is in trouble. Then again , Anilbhai is a liability. He'd be put down by Dassault, the only problem being he'd try to extract his pound of flesh. Has to be. After all he's an Ambani - a Modh.
88k Cr of Bad Debt just for Rcom affiliated companies of which books might be fraudulent as noted. Not a single action taken by ED. that is quite surprising.When was this interview broadcast? Strangely, even the opposition is silent. If this news breaks out in MSM in a massive way, DRAL is in trouble. Then again , Anilbhai is a liability. He'd be put down by Dassault, the only problem being he'd try to extract his pound of flesh. Has to be. After all he's an Ambani - a Modh.
Hope the misappropriation figure doesn't exceed 5.5k crores? Although that in itself is a huge figure , given the recent spate of scams the figure in itself isn't huge enough. Anil Ambani is a crook & probably the worst example of robber barons out there masquerading as a businessman.88k Cr of Bad Debt just for Rcom affiliated companies of which books might be fraudulent as noted. Not a single action taken by ED. that is quite surprising.
You might have missed the spectacular part, 88k Cr of bad loans. 88K cr; let that sink in for sec before claiming nothing spectacular.Nothing spectacular there. Looks more like an anti-govt interview though, especially taking potshots at the Rafale when GoI had nothing to do with Dassault's choice of backing Anil.
Anyway he's anti-Modi. It's pretty obvious if you read this.
A powerful babu, weak neta and helpless citizen - HW News English
The Modi government came to power in 2014, with a catchy promise of minimum government and maximum governance. That was music to the ears of the common man, tormented by the unending red tapism, and the resultant corruption of the all powerful and unchecked bureaucracy. The promise of minimum...hwnews.in
You might have missed the spectacular part, 88k Cr of bad loans. 88K cr; let that sink in for sec before claiming nothing spectacular.
Modi/ Upa is not the question, the real question would perhaps be for 9k crore defaults the GoI issued arrest warrants for Mallya, all the while Anil bhai is was being issued defence licenses left and right. Is the MoD really that naive or is it just incompetent?
That is not the issue, seems like Rcom and Rinfratel accounts were fraudulent.There's nothing surprising about the scale of ADAG. This is not a revelation, I thought you already knew. Their entire investment gambit since ADAG was created was based on debt. I think their original total debt was 170K Cr or 190K Cr. As of March 2019, it was 94K Cr.
Mallya wasn't issued an arrest warrant for defaulting, he got it because he ran away. Even after repeated warnings to come back to India, he didn't. Anil is still here and cooperating with NCLT. It's not the same situation. Not to mention his defence licenses came in long before his difficulties began.
Right now ADAG's public stand is they will repay all debt. You do not arrest those who are cooperating. Gotta see what happens after they fail.
That is not the issue, seems like Rcom and Rinfratel accounts were fraudulent.
State Bank of India (SBI), Union Bank of India (UBI) and Indian Overseas Bank (IOB) have marked Reliance Communications' (RCom's) account as fraud, according to banking sources.
In addition to that, the SBI and the UBI have also marked Reliance Telecom Ltd (RTL) account as fraud. RTL is a 100 per cent subsidiary of RCom.
Another RCom subsidiary, Reliance Infratel Ltd's account has also been marked as fraud by the SBI.
Banks mark Reliance Communications' account as fraud - Times of India
India Business News: State Bank of India (SBI), Union Bank of India (UBI) and Indian Overseas Bank (IOB) have marked Reliance Communications' (RCom's) account as fraud, actimesofindia.indiatimes.com
utter shame, instead of fixing the mess these ppl are playing football with it.State Bank of India, Punjab National Bank, Bank of Baroda ICICI, Axis Bank among others to infuse Rs 7,000 crore to form Bad Bank: Report
State Bank of India, Punjab National Bank, Bank of Baroda ICICI, Axis Bank among others to infuse Rs 7,000 crore to form Bad Bank: Reportwww.freepressjournal.in
All crooks. All of them.How the Videocon saga finally came to a close?
An explainer on how the Videocon bankruptcy case finally came to a closefinshots.in
Looks like another con job in the name of an IBC resolution.
@Nilgiri ; @suryakiran ; @Milspec
How the Videocon saga finally came to a close?
An explainer on how the Videocon bankruptcy case finally came to a closefinshots.in
Looks like another con job in the name of an IBC resolution.