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PNB fraud: Choksi cites risk to life, moves court
SME Times News Bureau | 22 Mar, 2019
One of the key accused in the PNB fraud case, Mehul Choksi, on Friday moved a fresh application in a special Prevention of Money Laundering Act (PMLA) court in Mumbai seeking cancellation of a non-bailable warrant against him.
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Sterling Biotech case: Hitesh Patel held in Albania
SME Times News Bureau | 22 Mar, 2019 |
| Fugitive businessman Hitesh Narender Bhai Patel, an accused in the Rs 8,100 crore alleged bank loan fraud by the Gujarat-based Sterling Biotech group, has been detained in Albania and is expected to be extradited to India soon, the Enforcement Directorate (ED) said on Friday. |
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Ola cabs banned in Bengaluru for licence violation
SME Times News Bureau | 22 Mar, 2019 |
| The Karnataka Transport Department on Friday suspended the licence of online cab aggregator Ola for six months in Bengaluru for running its bike taxis while possessing a licence for only four-wheelers, an official statement said. |
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Jet pilots say mortgaging jewellery to stay afloat
SME Times News Bureau | 22 Mar, 2019 |
| Beleaguered Jet Airways' pilots said on Friday they are suffering from massive financial stress caused by non-payment of salaries for the last three months, which has even forced some to mortgage jewellery and take short-term loans. |
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