Mumbai: The Bank of Maharashtra has joined three other lenders in labeling Reliance Communications’ ₹488 crore loan as fraudulent, deepening the telecom company’s troubles even as it awaits approval of its insolvency resolution plan.
A Fourth Fraud Tag on a Collapsing Empire
Reliance Communications Ltd. (RCOM), once a crown jewel of India’s telecom sector, now finds itself further entangled in financial distress. The Bank of Maharashtra, in a regulatory filing made public on Saturday, declared the company’s loan account as “fraud,” making it the fourth lender—after the State Bank of India, Bank of Baroda, and Bank of India—to take such a step.
The bank cited an outstanding exposure of ₹488 crore and pointed to…
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US President Donald Trump has been opposing NRIs in the nation stating that they are depriving the natives of their rightful employment. He even tightened rules for issuance and renewals of visas. At the same time, Trump has imposed heavy tariffs on Indian goods and services as a measure to desist US-based firms from opting for Indians, either for services or goods. During the hustings and even later, Trump also iterated his aim to reduce the US debt, by earning from the tariffs.
However, according to an American economist, Indians will help the Trump administration in bringing down the national debt. Indians can bring the biggest positive fiscal impact in the US.
After the California…
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Daughter Refuses to Help Parents in Debt After They Spent All Their Money on ‘Golden Child’ AOL.com
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NEED TO KNOW
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A woman says her parents always funded her sister’s wants and education while giving her nothing
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When her parents ran out of money and asked her for help, she refused and told them to ask her sister instead
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Her sister called her unfair, and now she’s wondering if she’s wrong for setting boundaries
A woman turned to the Reddit community for advice after refusing to help her parents during their financial struggles, instead telling them to turn to her younger sister, the child who always received everything from them.
In her post, the 24-year-old explained that growing up, she and her 21-year-old sister were treated very differently when it came to financial support.
“They would throw money at her whenever she wanted it,”…
Read the original article here
NEED TO KNOW
- A woman says her parents always funded her sister’s wants and education while giving her nothing
- When her parents ran out of money and asked her for help, she refused and told them to ask her sister instead
- Her sister called her unfair, and now she’s wondering if she’s wrong for setting boundaries
A woman turned to the Reddit community for advice after refusing to help her parents during their financial struggles, instead telling them to turn to her younger sister, the child who always received everything from them.
In her post, the 24-year-old explained that growing up, she and her 21-year-old sister were treated very differently when it came to financial support.
“They would throw money at her whenever she…
Read the original article here
Former mobster Michael Franzese, once a high-ranking figure in the Colombo crime family, has revealed explosive details about a decades-old gambling scheme involving a New York Jets player who spiraled into $300,000 of debt.
Former Mobster Michael Franzese Says Former New York Jets Player Involved in High-Stakes Gambling Operation
In a recent interview, Franzese recounted how the player, whom he declined to name, became entangled in a high-stakes gambling operation run by the mob during the 1980s. Franzese said the player initially owed just $50,000, but a mob-connected bookmaker saw an opportunity to tighten the grip.
“He’s a bad…
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Columbus church erases medical debt for more than 1,450 Seymour Tribune
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The collapse of Ayandeh Bank exposes deep cracks in Iran’s financial system, with experts warning more failures could follow amid sanctions and weak oversight.
ERBIL (Kurdistan24) — Iran has declared on Saturday one of its largest private banks, Ayandeh Bank, bankrupt, with its assets absorbed by the state-owned Melli Bank, marking one of the most dramatic collapses in the country’s modern banking history. The move comes as Tehran grapples with renewed international sanctions and mounting economic instability.
Founded in 2012, Ayandeh Bank once operated 270 branches nationwide—150 of them in Tehran—but had recently been crippled by mounting debt.
According to Iran’s ISNA news agency, the bank’s…
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India’s $3.9 billion plan to help Modi’s mogul ally after U.S. charges The Washington Post


