Fund Diversion

Indian bank frauds up, will continue to rise; root cause not addressed, says Deloitte survey

According to the third edition of Deloitte India Banking Fraud Survey released on Sunday, about 84 percent of survey respondents pointed to a substantial rise in fraud incidents.

Amrapali fund diversion: Why auditors should be sent to cleaners for enabling dubious cash deals

That Amrapali auditors turned a blind eye to its management’s shenanigans for a quid pro quo, makes it a Satyam redux.

Insolvency code tightened: President okays ordinance, barring defaulters from bidding for stressed assets

The amendments aim to keep-out such persons who have wilfully defaulted, are associated with non-performing assets, or are habitually non-compliant and, therefore, are likely to be a risk to successful resolution of insolvency of a company.

Paradise Papers: Sebi lens on firms for fund diversion, corporate governance lapses

Sebi will coordinate with other regulators and govt agencies, while information would be sought from foreign regulators if required

#NotEnough: Wilful defaulter tag just not enough to recover dues; will Modi crack the whip on Mallya et al?

Skeletons tumble out of Mallya closet: Kingfisher Airlines diverted bank loans to tax havens

It is alleged that the loan was sanctioned in violation of norms regarding credit limits.

Qissa Kingfisher ka: Lenders already know of fund diversion; but will they get their money back?

Chances of the banks getting back their dues appear less and ultimately, it is the taxpayers who bear the brunt

Trouble mounts for Vijay Mallya as SFIO probes fund diversions by Kingfisher

Shares of United Spirits fell 1.65 percent to Rs 3,205.95 on the BSE

United Spirits fund diversion saga gets murkier: How the case unfolded so far

Unfortunately going by the history of our government investigating agencies, a quick outcome is expecting too much from them

Mallya's game is up: Throwing him out of USL will be a cakewalk for Diageo

Mallya’s game is up, at least in USL