Breaking Alert : One more fraud bigger than Nirav Modi unearned.

[Arsh]

Alert : One more fraud bigger than Nirav Modi unearned. CBI raids offices at Videocon Industries .The company had taken Rs 38000 Crores from PSU Banks and Bank of Maharashtra through fraudulent means and have defaulted the Loan . Venugopal Dhoot MD flees from the country .

 

[Arsh]

 

[Jithin91]

 

[Sarkar]

Still they have 20K crore debt so recovering from that is not an easy task

 

[Mr monk]

Well atleast bjp has guts to expose defaulters , i wonder if same have had happened in UPA govt.
Ps : i don't support either NDA or UPA / Left

 

[Bishnu15]

So future of Videocon D2H?

 

[Sarkar]

Well atleast bjp has guts to expose defaulters , i wonder if same have had happened in UPA govt.
Ps : i don't support either NDA or UPA / Left

In supreme court they refused to disclose the list of defaulter so they don't have guts

Supreme Court to decide if RBI’s loan defaulters list can be disclosed or not

 

[Vishnu777]

So future of Videocon D2H?

May be in dish tv hand..

Dish tv may completely buy out Videocon d2h

 

[Sarkar]

May be in dish tv hand..

Dish tv may completely buy out Videocon d2h

Do you know total default amount of Videocon is much bigger than DishTV total market valuation so even if you sell Whole DishTV to 3rd party still you cannot pay off Videocon loan

 

[Vishnu777]

Do you know total default amount of Videocon is much bigger than DishTV total market valuation so even if you sell Whole DishTV to 3rd party still you cannot pay off Videocon loan

So it means dish tv will refuse to Videocon d2h?Or we may see a complete shutdown of Videocon d2h?