The voluntary liquidation of Kasei Digital Assets PLC, announced in September 2025, has sparked renewed debate about the viability of digital asset funds as public investment vehicles. As a company that held a portfolio of cryptocurrencies and cash, Kasei’s decision to wind up operations reflects a broader recalibration of risk preferences and cost-benefit analyses in…
The Indian Real Estate sector has, over the past two decades has seen an unprecedented growth, but it has also exposed deep structural vulnerabilities, particularly when developers default on their commitments. One of the most affected groups in such scenarios has been homebuyers, who often find themselves in a difficult position of having paid large…
Corporate Fraud: Bank of Baroda Tags RCom, Anil Ambani Loans as Fraud Deccan Herald Read the original article here
Synopsis: On Friday, the shares of a prominent international provider of communication services fell after Bank of Baroda had officially classified the loans of Reliance Communications and its former director, Anil Ambani, as fraudulent. The shares of the telecommunication firm engaged in offering a comprehensive suite of telecom services, covering wireless, wired connections, domestic, and…
In a significant step, Bank of Baroda, one of India’s leading public sector banks, has declared the loan accounts of Reliance Communications Ltd (RCom) and its erstwhile Director, Anil Ambani, as ‘fraud’, according to an exchange filing. This classification pertains to loans taken before RCom entered the corporate insolvency resolution process (CIRP), the exchange filing…
Australians who were left with missing teeth and drained superannuation accounts for unfinished work at a dental chain are unlikely to see their money again, according to the company’s liquidator. A report to creditors by the liquidator of Supercare Dental and Cosmetics Tuggerah said its ongoing investigations indicate financial mismanagement, along with suspected statutory breaches,…
Anil Ambani and Reliance Communications’ loan accounts declared ‘fraud’ by Bank of Baroda The Economic Times Read the original article here
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Illuminate\Database\QueryException: SQLSTATE[08004] [1040] Too many connections (Connection: mysql, SQL: select * from `posts` where `slug` = reliance-communications-anil-ambanis-loan-accounts-declared-as-fraudulent-by-bank-of-baroda-1 limit 1) in file /home/morungexpress/public_html/html/vendor/laravel/framework/src/Illuminate/Database/Connection.php on line 795 #0 /home/morungexpress/public_html/html/vendor/laravel/framework/src/Illuminate/Database/Connection.php(755): Illuminate\Database\Connection->runQueryCallback(‘select * from `…’, Array, Object(Closure)) #1 /home/morungexpress/public_html/html/vendor/laravel/framework/src/Illuminate/Database/Connection.php(407): Illuminate\Database\Connection->run(‘select * from `…’,… Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…