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FAROUK M IRANI
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...
- 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.
- 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.
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