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Wednesday, May 29, 2019

New govt to decide on Jet’s SFIO probe

The government will decide on whether to refer the grounded Jet Airways to the Serious Fraud Investigation Office after a new minister takes charge later this week as an inspection by the registrar of companies showed alleged irregularities. Sources said that the inspection has suggested diversion of funds and added that the investments into Jet subsidiaries, including loans extended by the airline, needed to be probed thoroughly.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2JJoLA0

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Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...