The Strange Story of ICICI Bank’s Murky Bailout of Lanco’s Bankrupt Australian Coal Mine

This week, Sucheta Dalal takes a look at the strange story of ICICI bank’s bailout of Lanco and an Australian coal mine that they had purchased.
For more read: www.moneylife....
For more information visit our website : www.moneylife.in/
Register : www.moneylife.i...
Follow us on Facebook : / moneylifedailyclinics
Follow us on Twitter : / moneylifef

[@Templebells9099]

Fear is the Key. None of the huge financial defaulters is seriously tried and sentenced. These scandals will continue while poor people continue to suffer.

[@ashu0583]

raghuram rajan the great

[@rmazim500]

Excellent analysis by fraudsters of Public Moneys.

[@Dhanyavaad.]

Thank you Sucheta for the update. Your research on financial investigation is always outstanding and appreciated. It is enlightening to us but unfortunately we layman cannot do much except share the videos. If possible please and a humble request please; can Moneylife Foundation, a significant entity with its legal team consisting of Retired Judges and Imminent Lawyers follow up these researched financial investigations in the Supreme Court. Thank you once again.

[@hemantjain9]

Waiting for Gautam Adani’s entry, for whom this whole thing is being prepared.

[@bm8292]

Withdraw all deposits with ICICI bank and put it in other good banks.

[@parthaaec07]

We would not have come to know otherwise. Thanks.

[@rahulbhalerao2266]

Is ICICI carrying the contingent liability for Griffins creditors as of now in notes to a//cs?

[@rameshkampasi7289]

2 big questions. Appraisal and transparency.

[@suhasbhide5773]

What's the biggest business in India. ....loot and cheat. There is no legal to recover money

[@nkrishnamys]

Mam pls come out strongly on more such 420 entities. This jokes & lunacy of such bluecollared entities has to end somewhere ..

[@AKS-yi2qj]

In addition to highlighting these corrupt Indians, please mention as to how they are roaming Scott free.Why no action against the bank officials and the MP.

[@shravan419]

Editor ji, Mam was referring to bank syndicate not 'Syndicate bank'😄.

[@AjitJoshi686]

15.02 min

[@sugarnspice6387]

It is quite common to form syndicates by banking and insurance industry when they have to approve large loans or issue big sum insured policies, this way profit as well loss is shared by all. She is not talking about Syndicate bank.

[@mukeshmaheshwari506]

Keep it up. Thanks

[@kiranrao4375]

I am a micro trader on nse. I have not heard of lanco. On bse the lanco price is 30 paisa to 35 paisa

[@meethunghosh1892]

*adani can make a comeback if he finds tons of GOLD reserves or DIAMOND reserves in Australian COAL mine, or else now going ahead give all national-state infrastructure projects to Adani, they can subcontract them and complete them if they dont have caliber to execute - complete them*

[@anandmohan4657]

Thanks a lot but issue is what can be done when these people who commit such acts hire costly lawyers and are ultimately saved

[@nayaknaresh]

This proves in India an ambitious businessman can quickly climb up the economic ladder with these loopholes in place. With the “right” game, you can suddenly have billions of dollars of loan capital available at your disposal and even an MP seat in Parliament which grants you access right up to the Prime Minister. This happens time and time again. Mehul Choksi is simply bribing the judge and prosecutor in Antigua to not receive an extradition order. Mr Adani has built his empire on these techniques but has judiciously deployed capital and is doing well. Even Dhirubhai Ambani didn’t have access to this sort of money and he had to go to the retail investor and offer them a “triple option convertible debenture” with 0 interest payable for 7/8 years! Those who know finance history will tell you. Today is a good time to be a crony businessman in India.

[@leonardfernandez3856]

The shareholders of ICICI Bank need to be proactive and pull up the management and seek explanation.

[@vishwanathanvenkatsubraman9149]

A very good research. We need to expose Raghuram Rajan

[@varshadoshi8691]

Pls make video on Adani group allegations

[@yugalsharan]

I still do not know, who are the promoters of ICICI Bank ?

[@krishnamohan1065]

Please do a video on the real financial position of l I ç and p s u banks

[@SamvadSoul]

One more ICICI murky deal?

[@madhavmangalvedhekar6117]

Lanco- Griffin coal both चोर मौसरे भाई! icic bank God save this country.

[@ARShanker]

Politi-Eco syndicatization

[@shivkumarpabba4089]

What are the regulators doing! Looks like the political patronage even from BJP continues to guarantee immunity to Lancô! How can huge scams like are even allowed to happen? Unbelievable!!! I compliment Sucheta Dalal for the courage in taking on the powerful patrons of this scam. God save her!

[@NK-ni3qx]

Lanco was already in shambles by the time BJP came to power.

[@AjitJoshi686]

BJP has avoided these crazy loans and gave free food during downturn to keep economy ticking. But it is not chasing these loan mafias which is baffling.

[@kdchanyuadv]

Bjp is giving money through LIC to adani pockets by purchasing it's companies share 20, 30 times of its actual price.

[@AjitJoshi686]

@@kdchanyuadv Yes exception is Adani group who has taken lot of loans.

[@saraswathimahadevan5036]

Why leave aside diversion

[@sanjeevnayyar7063]

Keep them.coming

[@manojswarup5896]

PLAYING A SAFE GAME MAM

[@kirankumarsukumar]

Thunivu speaks about banking. Are facts right ?

[@mukeshmaheshwari506]

Thanks

[@hemantmarathe1590]

Great...

[@ramd9581]

Hail to thee Mam. Respects

[@MoneylifeNewsBites]

Thanks a lot... Keep watching...

[@FinExTraining]

👍👍