Crores was not a kick back but a genuine bonafide
loan. Kickback is money paid to somebody illegally in return for
facilitating financial advantage ... another. Kickback is a bribe which
is paid to facilitator of an illegal financial advantage by recipient of
that financial advantage from proceeds received
were subsidiaries of the
M/s.Welspun Company Limited. Thus, the financial
kickbacks and other benefits are availed by him from the
proceeds ... connections to introduce
new vendors, in return, he received financial kickbacks
while M/s.Welspun India Limited suffered loss. The
statement of Bhumik Dave, employee
short-term debentures of M/s.
DHFL. Simultaneously, Kapil Wadhawan paid a
kickback of Rs.600 crores given by M/s. DHFL (in
which Kapil
short-term debentures of DHFL. Simultaneously the
Applicant Kapil paid a kickback of Rs.600/- Crores to Shri Rana
Kapoor and his family members
Seva Bank had sanctioned
ineligible loans to various borrowers in lieu of kickbacks by
neglecting the prudent banking norms, which turned the accounts
into ... Mulchandani in
connivance with the loan borrower.
In return, Amar Mulchandani received kickbacks in form
of cash to the extend of 20% of the loan
believe that the Trust
is being used for the purpose of receiving kickbacks and true nature of the
trust has to be ascertained
believe that the Trust
is being used for the purpose of receiving kickbacks and true nature of the
trust has to be ascertained
believe that the Trust
is being used for the purpose of receiving kickbacks and true nature of the
trust has to be ascertained
believe that the Trust
is being used for the purpose of receiving kickbacks and true nature of the
trust has to be ascertained
illegal
gratification by sanctioning loan. The charge-sheet does
not disclose any kickback / gratification received by the
applicant as a Director of the bank
