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FAROUK IRANI
AC Muthiah declared as 'wilful defaulter' by IDBI BankIn a public notice, the bank said AC Muthiah and Farouk Irani, promoter director of First Leasing Company of India, defaulted on Rs 508.40 ...- IDBI Bank tags Muthiah ‘wilful defaulter’IDBI Bank has declared industrialist A C Muthiah as a ‘wilful defaulter’ after First Leasing Company of India, which he co-promoted, failed...
- CBI files charge sheet against industrialist A C Muthiah in graft caseThe promoters of FLCI, Muthiah, then chairman, and Farouk Irani, then managing director, have been charged by the agency with criminal cons...
- First Leasing scam: Madras High Court dismisses AC Muthiah’s quash petitionJustice PN Prakash of The Madras High Court, after hearing arguments, dismissed Muthiah’s petition. M Nirmal Kumar, advocate on record for ...
- ED attaches Rs 25-crore worth properties of Farouk IraniAn Enforcement Directorate release had said both had admitted to indulging in the scam estimated to have looted banks to the tune of Rs 522...
- First leasing bank fraud probe: former chief under lensIn his response to ET, Muthiah squarely blames Farouk Irani, former managing director at First Leasing, a company Irani founded along with ...
- Rs 500 crore fraud on PSBs: ED arrests Farouk Irani, ex-MD, First Leasing CompanyBased on the complaint filed by IDBI bank in CBI, Bangalore an FIR was registered against FLCIL and its officials for alleged fraud of Rs 2...
- CBI registers case of cheating against former BCCI chief AC MuthaiahThe allegations include forgery of valuable security, forgery for the purpose of cheating, and falsification of accounts that took place du...
- First Leasing Company goes into liquidationJustice M Duraiswamy passed the interim orders on a winding up petition filed by ICICI Bank, which said First Leasing owed it Rs 50 crore.
- First leasing gets merchant banker Ashika Capital to rectify accountsChennai-based First Leasing Company of India, embroiled in an accounting scam, will seek help from merchant banker Ashika Capital, said cha...
- First Leasing’s AGM venue irks minority shareholdersChennai-based First Leasing Co of India Ltd, which is embroiled in an accounting scam, will hold its delayed AGM at this hall, irking minor...
- My signatures have been forged: Farouk IraniFirst Leasing, founded by Muthiah and Irani in 1973, is awaiting RBI action after an audit showed that there was a Rs 1,190-crore hole in i...
- Farouk Irani, father of Indian leasing, felled by hubrisWhat went wrong? Two things that are usually linked with the fall of a finance firm — reliance on short-term funding, and asset-liability m...
- First Leasing auditors resign after red flag on accounts, company to go for forensic auditFirst Leasing was barred from running any business by the RBI last month, which had earlier inspected its books.
- First Leasing Co of India auditors red-flag over previous year's financial statementsAuditors have raised the red flag over the previous year's financial statements of Chennai-based First Leasing Co of India Ltd.
- First Leasing’s Farouk Irani admits Rs 1,000-crore gap in balance sheetAssets worth only Rs 200 crore has been created by First Leasing Company of India, where Irani has been the managing director since 1973, o...
- A C Muthiah to exit First Leasing at a premiumMuthiah has put one of India’s oldest leasing companies - floated in 1973 - on the block to drive his fertilizer business, SPIC, to profit.
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