Nagpur builder writes to PM against Prafful Patel
A Nagpur-based real estate developer Gopal Kondawar has sought action against former civil aviation minister Praful Patel squarely blaming him for pushing the national carrier to bankruptcy.
Search Results: CBI (48)
Unitech’s Chandra brothers distancing strategically
With the Central Bureau of Investigation (CBI) charging Unitech Managing Director Sanjay Chandra as a key accused in the 2G spectrum scam and his brother Ajay Chandra appearing as a CBI testimony, it is generally believed that the two Chandra brothers are falling apart.
Credit reliability and credibility to affect Unitech upcoming projects
Realty firms are making a beeline to private equity investors for money to repay mounting debt portfolios. With commercial banks turning cautious about lending to the real estate sector, industry players strapped for cash are seeking equity capital to ease the liquidity crunch.
Realtors in telecom scandal by default or by design
The chargesheet has been filed by the CBI against former telecom minister A Raja in the 2G spectrum scam with the leading real estate company Unitech and two others being a party to the criminal conspiracy, forgery, cheating and corruption.
Realtor and Raja aide found dead
Sadiq Batcha, a longtime friend and associate of A Raja and managing director of a real estate company, Green House Promoters, in which Raja’s wife Parameswari was associated as one of the directors and later resigned, has been found dead.
Realtor Shahid Balwa has Pak-China links
2G scam accused Shahid Balwa of DB Realty, whose dubious Pakistani and underworld connections are being probed, also allegedly had some Chinese links that raised security concerns within Indian agencies.
SC for invoking terror charges against Hasan Ali Khan
The Supreme Court on Tuesday mulled invoking terror and other stringent penal charges against Pune realtor and stud owner Hasan Ali Khan, accused of massive money laundering and tax evasion, for his alleged links with arm dealers and people linked to terror activities.
DB Realty boss resigns
DB Realty Ltd has informed BSE that the Board of Directors of the Company on March 05, 2011 has noted and accepted the resignations of Mr. Shahid Balwa, as Managing Director and also as Director of the Company with effect from February 09, 2011 in view of his preoccupation relating to certain investigations.
Housing scam in Uttarakhand to be probed by judicial commission
Uttarakhand government has set up a judicial commission on the High Court orders to investigate the role of some officials in the Rishikesh-based housing project.
Four realtors get sanctions for bank loans
At least four firms, Ansal Properties and Infrastructure Ltd (Ansal API), Emaar MGF Land Ltd, Kumar Urban Development Ltd and Paranjape Schemes Constructions Ltd, have received fresh sanctions from banks, although overall lending to the sector remains subdued.