Bank loan

Mogas was placed in receivership for failure to service its loans with Stanbic Bank. Courtesy photo Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda took control of petroleum distributor MOGAS after it failed to repay a three-year loan. The bank immediately put the company, whose full name is: Maestrol Oil and Gas Solutions, into …

A former Long Island business owner has been convicted in a scheme to defraud banks, business partners and a customer over roughly $ 1.1 million. Marcello Sozio, 65, of Huntington, was sentenced to 36 months in prison for wire fraud, according to an announcement by the United States Attorney’s Office for the Eastern District of …

A former Long Island business owner has been convicted in a scheme to defraud banks, business partners and a customer over roughly $ 1.1 million. Marcello Sozio, 65, of Huntington, was sentenced to 36 months in prison for wire fraud, according to an announcement by the United States Attorney’s Office for the Eastern District of …

The Central Bank of Oman has issued a number of guidelines for all banks and leasing companies (FLCs), including announcing a plan to revive procedures and incentives to contain the economic impact of the Covid-19 pandemic on the lives of individuals. and institutional borrowers. In view of the current economic scenario and in continuation of …

The Federal Bank Ltd’s September quarter update showed encouraging signs of an economic recovery following the easing of restrictions imposed to contain the second wave of the pandemic. The private sector bank’s loan portfolio grew 10% for the September quarter from a year earlier, while deposits also showed a similar expansion, the lender said in …

Entrepreneurs, especially women in Bangladesh, face various business challenges, including lack of access to credit, entrepreneurial experience, marketing opportunities, skills required and non-cooperation of wholesalers and others. obstacles in the supply chain ecosystem. According to experts, access to credit is one of the biggest obstacles for women entrepreneurs, but different studies have shown that women …

The Directorate of Enforcement (ED) alleged that the alleged fraud on bank loans involving Gautam Thapar was mutually beneficial for the Avantha group, promoted by the businessman, and Yes Bank. In its response opposing Thapar’s bail application, the federal agency told a local court on Friday that the proceeds of crime of Rs 131 crore …

SHILLONG, October 1: The World Bank’s Board of Directors approved a $ 40 million project to improve the quality of health services in Meghalaya and strengthen the state’s capacity to manage future health emergencies , including the COVID-19 pandemic.The loan which will be sanctioned by the International Bank for Reconstruction and Development (IBRD) has a …

Added the 1 october 2021 Press Trust of India New Delhi: Enforcement Branch (ED) seized assets worth over Rs 145 crore of a Bengaluru-based spice company in money laundering investigation linked to suspected fraud on loans to J&K Bank. The agency said in a statement on Wednesday that a factory building, shops, apartments and land …

New Delhi, September 30 The Directorate of Enforcement (ED) today announced that it has issued a provisional seizure order under the Prevention of Money Laundering Act to seize assets worth Rs 145.26 crore owned by SA Rawther Spices Pvt Ltd and others in the J&K Bank loan fraud case. ED officials said the attached assets …