ED smells ‘political pressure’ in IDBI’s 950 crore loan to Mallya
Advertisement
Advertisement
Even though People investigating the Mallya fiasco believe that there certainly was some "pressure from the top," otherwise the loan would not have been passed, adding that this matter will be looked into. Investigators from Enforcement Directorate (ED) who have been questioning IDBI's ex-chief Yogesh Agarwal say that they "have reasons to believe there was political intervention for Mallya".
Mallya, who has been asked to appear before ED on 2nd April, will be questioned about the political favours that he received when it came to his loan applications. IDBI's Mallya loan files will also be examined closely to see if any margin notes were made about this political intervention.
"IDBI Bank has sanctioned loans to
Image source
Advertisement
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Top 10 Must-visit places in Kashmir in 2024
- The Psychology of Impulse Buying
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance