Advertisement
Sections
Yes Bank crisis: ED summons Subhash Chandra, Naresh Goyal, Sameer Gehlaut, other top corporate honchos for questioning this week
The Enforcement Directorate (ED) has summoned top corporate honchos, including Essel Group promoter Subhash Chandra, Jet Airways founder Naresh Goyal and Indiabulls chairman Sameer Gehlaut, to appear before it this week in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday

New Delhi/Mumbai: The Enforcement Directorate (ED) has summoned top corporate honchos, including Essel Group promoter Subhash Chandra, Jet Airways founder Naresh Goyal and Indiabulls chairman Sameer Gehlaut, to appear before it this week in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday. DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning apart from Reliance Group Chairman Anil Ambani who has been called on 19 March at the ED office in Mumbai, they said.These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.Finance Minister Nirmala Sitharaman had told a press conference on 6 March that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.
First Published:Mar 17, 2020, 11:54:08 IST
Advertisement
Advertisement

India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin
RBI says industrial and services activity stayed resilient through June, while strong trade, stable external sector and improving foreign investment continue to support economic growth.
1 min read
Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill
Prolonged US-Iran conflict could fuel inflation, push up borrowing costs and deepen debt distress across developing economies, says Indermit Gill
2 min read
Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range
Rising US-Iran tensions and tight OPEC+ supply have pushed crude to a five-week high, but experts believe prices are unlikely to sustain a rally beyond $100 without a major supply disruption.
1 min read
UK inflation cools further to 2.6% in June as transport and food prices ease
Softer price growth in transport and food categories helps push headline inflation lower, while core inflation remains sticky.
1 min read
India's gem and jewellery exports jump 26.5% in June on stronger global demand
Lower gold prices, healthy overseas demand and rising exports of gold jewellery, diamonds and lab-grown diamonds drive sharp recovery in June
1 min read
Advertisement
Advertisement

