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…

Chhagan Bhujbal booked under Prevention of Money Laundering Act

Chhagan Bhujbal

A day after the Anti-Corruption Bureau (ACB) conducted searches at various properties belonging to NCP leader Chhagan Bhujbal and his family members, the Enforcement Directorate (ED), Wednesday, booked him under the Prevention of Money Laundering Act. Reports said that ED has registered two cases against him – details are awaited. Yesterday, ACB of the Maharashtra Police…