Rotomac took Rs 2,919 cr loan for wheat export but failed to execute business: CBI

New Delhi: Rotomac Global Private Limited cheated a consortium of banks to the tune of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to the company for procurement of wheat and other goods for export. Credit disbursed and sanctioned to the company was utilised for the purposes other than executing export orders No export was More...

by IANS | Published 9 mins ago
By Agencies On Monday, February 19th, 2018
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CBI raids Rotomac MD’s Kanpur properties, Vikram Kothari detained

New Delhi/Kanpur: The CBI on Monday raided several locations in Kanpur in connection with a Rs 800 crore loan default by the Rotomac Pen company’s chief Vikram Kothari, an official said. Kothari’s Mall More...

By Agencies On Sunday, February 18th, 2018
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Balance sheets, electronic data of Gitanjali group under CBI scrutiny

New Delhi: The CBI has set up a team to examine balance sheets and electronic data of Gitanjali group of companies and its India-based 18 subsidiaries headed by Mehul C. Choksi who is accused along with diamond More...

By Agencies On Sunday, February 18th, 2018
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Iranian Passenger aircraft crashes killing 66 onboard

Tehran: An Iranian passenger aircarft carrying 66 people including the crew and the passengers crashed in a mountainous area of Iran on Sunday. The plane, believed to be an ATR 72-500, was operated by Aseman Airlines The More...

By Agencies On Saturday, February 17th, 2018
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21 more PNB fraud-related raids, property worth Rs 5,674 cr seized so far: ED

New Delhi: The Enforcement Directorate (ED) on Saturday conducted raids at 21 more places across India and seized assets worth Rs 25 crore in connection with the multi-crore Punjab National Bank (PNB) scam, an official More...

By Agencies On Friday, February 16th, 2018
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Pakistan likely to be put in FATF grey list for terror financing

New Delhi: There is a proposal to put Pakistan in the grey list of the Financial Action Task Force (FATF), an inter-governmental body combating money laundering and terror financing among other things, in its upcoming More...

By IndiLeak Bureau On Friday, February 16th, 2018
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Security forces enagaged in fierce encounter with terrorists in J&K’s Baramulla

Srinagar: A fierce gunfight has started between terrorists and the security forces in Jammu and Kashmir’s Baramulla district on Friday. Till reports lst came in, there has not been any casualties on either More...

By Agencies On Friday, February 16th, 2018
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Tillerson breaks protocol, meets Erdogan without translator

Ankara: US Secretary of State Rex Tillerson broke protocol by meeting Turkish President Recep Tayyip Erdogan without an American translator or policy aides, the media reported. Turkey was the last stop of Tillerson’s More...

By Agencies On Thursday, February 15th, 2018
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‘Strictest’ action taken against Nirav Modi, Congress playing politics: Prasad

New Delhi: The NDA government has taken “strictest” and “fastest” action against jeweller Nirav Modi accused of duping the state-owned Punjab National Bank (PNB) of thousands of crores but More...

By Agencies On Thursday, February 15th, 2018
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Can’t have talks with countries training guns at us: Venkaiah Naidu

New Delhi: Without naming Pakistan, Vice President M Venkaiah Naidu on Thursday said that talks cannot be held with countries that have trained their guns at India. We also know that first we must create conditions More...