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Dhoot was arrested by the CBI from Mumbai on Monday whereas the Kochhars were already in its custody. The federal probe agency has now got the three days custody of the accused, and will confront them with each other to make a water-tight case. ....
The Congress party has asked for a comprehensive white paper on the bankruptcy proceedings while accusing the government of protecting defaulters through huge write-offs through the insolvency process via the Insolvency and Bankruptcy Board of India (IBBI). ....
Anil Agarwal s Vedanta and Centricus to invest $10 billion in Indian companies SECTIONS Share Synopsis In recent weeks, Anil Agarwal s Vedanta Group had expressed interest in acquiring Shipping Corporation of India, BPCL and in a separate development was shortlisted as the successful bidder for Venugopal Dhoot’s Videocon s assets. The government of India’s residual stake in Hindustan Zinc is also in play. Anil Agarwal (File Pic) Anil Agarwal, Chairman of the Vedanta Group and Centricus, a London-based investment firm, have announced their intention to launch a fund to deploy $10 billion in Indian companies with substantial turnaround and growth opportunities. The target businesses will include businesses majority-owned by the Government of India and earmarked for divestment, the statement said. ....