Ruchi Global Limited, directors booked for ₹188.35-cr. bank fraud
The Hindu
Forensic audit reveals financial irregularities including diversion of funds.
The CBI has booked Mumbai-based Ruchi Global Limited and its directors for allegedly cheating a consortium of four banks of ₹188.35 crore. The company’s associate entity, Ruchi Soya Industries Limited, has an exposure of ₹8,323 crore with a consortium of 21 lenders. The account was declared a fraud in August 2018 and a complaint has been filed by the IDBI Bank (Indore) with the CBI, as alleged in the FIR. Apart from Ruchi Global Limited, the FIR names Umesh Shahra, Saket Barodia and Ashuthosh Mishra, residents of Indore in Madhya Pradesh, as accused. The company operates as a subsidiary of Ruchi Group of Industries. It is into wholesale sales of metals, metal ores, cereals and pulses.
Bombay High Court grants bail to Chetan Patil in Shivaji statue collapse case; sculptor Jaydeep Apte's plea pending.
Deadly rinderpest outbreak devastates Mudumalai Wildlife Sanctuary, highlighting the threat of diseases from domestic cattle to wild populations.
Suryanarkoil Mutt's history, traditions, and leadership succession explained in detail with references and comparisons to other Saivaite Mutts.
Upalokayukta takes action against officials for neglecting century-old Kelageri Tank in Dharwad, setting 20-day deadline for rejuvenation.
On World Fisheries Day, India launches projects for marine and inland aquaculture, aiming to transform the fisheries sector and blue economy.
Lokayukta police raid uncovers ₹26.6 crore in assets from government officials in Karnataka, leading to investigations and cases filed.
Court boycott by advocates in Tamil Nadu demands Advocates Protection Bill for safety, affecting litigants from remote villages.
Army faces allegations of harassment and torture in Kishtwar, Jammu; probe ordered, sparking concerns over human rights violations.
Karnataka’s software and services exports crossed ₹4.11 lakh crore during fiscal 2023-24 (March 2024) from ₹3.2 lakh crore a year ago, marking a 27% year-on-year growth, Minister for IT&BT, Priyank Kharge, said here on Thursday quoting Software Technology Parks of India (STPI) data.
Continuous rainfall in Thoothukudi has caused severe hardship for residents as rainwater has inundated several areas. Efforts to drain stagnant water in the city have been intensified
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.