The real scam here is how these flaky companies are getting huge loans approved by Govt Banks (Punjab, SBI etc etc). Mostly political and corrupt nexus allows these loans by state banks and then let them write-off as NPAs and wash their hands. At the end of the day, it's the govt and in turn tax-payers (current and even future generations, as Indian govt will still owe debt to foreign banks/institutes) are getting defrauded.
Retail investors are fooled finally.. Don't know what will happen to retail share holders shares after NCLT process done.. Will they get some bucks or not as trading is stopped in the scrip.
I knew something is wrong with Zee. Didnt know what. Very good work Mr.Shree!
The real scam here is how these flaky companies are getting huge loans approved by Govt Banks (Punjab, SBI etc etc). Mostly political and corrupt nexus allows these loans by state banks and then let them write-off as NPAs and wash their hands. At the end of the day, it's the govt and in turn tax-payers (current and even future generations, as Indian govt will still owe debt to foreign banks/institutes) are getting defrauded.
Good article.
PNB lending money to scammers is old news
nice article. Thank you!
Waiting for next story?
Really nice to rich this one.
That's very kind, thanks a lot
Retail investors are fooled finally.. Don't know what will happen to retail share holders shares after NCLT process done.. Will they get some bucks or not as trading is stopped in the scrip.
How you got to know that Ekmart is owned by Subhash Chandra? Any source would be helpful
All from SEBI's enforcement order! Screenshot of the relevant section from the order: https://imgur.com/a/MHcPCcv (page 15)
Thanks