For the best experience use inshorts app on your smartphone
ED attaches ₹293-cr assets of Tamilnad Mercantile Bank's ex-chairman
short by Subhangi Singh / on 29 Dec 2021,Wednesday
The Enforcement Directorate on Tuesday said it has seized shares worth ₹293.91 crore belonging to Tamilnad Mercantile Bank's (TMB) former chairman Nesamanimaran Muthu under the FEMA law. According to ED, the shareholdings seized were of four Indian companies, of which three are unlisted entities. The investment was made without RBI's permission and non-disclosure to Indian regulators, ED added.
short by Subhangi Singh / 01:43 pm on 29 Dec
For the best experience use inshorts app on your smartphone