World & BusinessEnforcement Directorate reportedly probes ā¹105 crore infusion into McNally Bharat
The Economic Times reports that the funds came from Vishwa Group entities. Investigators are also examining ownership changes after approval of a resolution plan.
TLDR
The Economic Times reports that the Enforcement Directorate traced a ā¹105 crore cash infusion into McNally Bharat Engineering to Vishwa Group entities. The funds reportedly moved through networks involving non-banking financial companies and special purpose vehicles. Investigators are examining people and entities associated with the cash flow, as well as ownership changes after the resolution plan was approved.
Enforcement Directorate reportedly probes ā¹105 crore infusion into McNally Bharat
The Economic Times reports that the funds came from Vishwa Group entities. Investigators are also examining ownership changes after approval of a resolution plan.
TLDR
The Economic Times reports that the Enforcement Directorate traced a ā¹105 crore cash infusion into McNally Bharat Engineering to Vishwa Group entities. The funds reportedly moved through networks involving non-banking financial companies and special purpose vehicles. Investigators are examining people and entities associated with the cash flow, as well as ownership changes after the resolution plan was approved.