The duo was arrested on Sunday from a Mahabaleshwar-based quarantine facility, nearly 50 days after they were booked in the case also involving YES Bank CEO Rana Kapoor
Kapoor, 62, had sought bail claiming that his prevailing medical condition puts him at the risk of contracting coronavirus infection in jail
Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters
The spectacular meltdown at YES Bank reveals the mental makeup of someone only too eager to walk on life's wild side
Sub-optimal responses against viral pandemics and crony lending would keep resurfacing if voters do not hold govts accountable
Kapoor claimed he was sufferinga chronic immunodeficiency syndrome, which causes recurrent lung, sinus and skin infections
Reconstituted Board meets on March 26
It is tough if you are a PMC Bank depositor to be made aware now that you are not mainstream enough
Contagion is common to epidemics and banking. Read on. Uddalok Bhattacharya sums up
The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts
I wonder even in the case of nationalised banks whether a 100 per cent repayment of deposits is guaranteed
Customers have the right to know their banks as much as the banks do their customers
Jet Airways' loan exposure to the crisis-ridden Yes Bank is about Rs 550 crore.
Agency concerned investigation may hit asset valuation, monetisation
The former banker was arrested on March 8 by the ED under the provisions of Prevention of Money Laundering Act (PMLA) and was since in the probe agency's custody
Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor
The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21
Investors include armed force veterans, govt employees, IT sector staff
The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).
The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business reputation hit a low