Online edition of India's National Newspaper
Friday, Dec 10, 2004

About Us
Contact Us
National
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Obituary |

National Printer Friendly Page   Send this Article to a Friend

Ashok Advani remanded

MUMBAI, DEC. 9. A local court today rejected the bail application of a former director of Jai Hind Cooperative Bank, Ashok Advani, and remanded him to police custody till December 23. Mr. Advani is the publisher of Business India magazine.

The Additional Metropolitan Magistrate, B.A. Shelar, remanded Mr. Advani, who was arrested last night, to police custody but allowed him home food and medicine.

Mr. Advani was a director of the bank when it accumulated non-performing assets and allegedly defaulted payments to its small-time depositors and to the charitable trust, Hyderabad (Sind) National Collegiate Board.

The bank is under liquidation following the Reserve Bank of India's recommendation to the Maharashtra Government. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

National

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu