Vijay Mallya offers to repay banks Rs 4000 crore by September

Vijay Mallya

Industrialist Vijay Mallya, who owes more than Rs 9000 crore to a consortium of 17 banks, today submitted to the Supreme Court a repayment plan of Rs 4000 crore by September this year. The top court has asked the consortium led by the State Bank of India (SBI) to respond to the liquor baron’s proposal….

ED seeks non-bailable warrant against Lalit Modi

Lalit Modi

The Enforcement Directorate (ED) on Monday moved special PMLA court seeking issuance of non-bailable warrant (NBW) against former IPL chief Lalit Modi in connection with a money laundering case. The central agency approached the special Prevention of Money Laundering Act (PMLA) Court after Modi, who has made London his home, did not respond to ED…

Mithun Chakraborty surrenders Rs 1.2cr received from Saradha to ED

Mithun Chakraborty

Trinamool Congress MP and actor Mithun Chakraborty on Tuesday surrendered to Enforcement Directorate (ED) an amount of about Rs 1.2 crore that he had received from scam-hit Saradha group of companies for being its brand ambassador. Sources said a team of lawyers and other representatives of the actor reached the probe agency’s office at Salt Lake…