Yes Bank’s former CEO Rana Kapoor says was forced to buy painting from Priyanka

The statement is part of a supplementary charge sheet filed by ED to the special Prevention of Money Laundering Act court in Mumbai

Mumbai Yes Bank founder Rana Kapoor has claimed in a statement to the Enforcement Directorate (ED) that he was pushed to buy a MF Husain painting from Priyanka Gandhi Vadra, and that he was promised one of the country’s top civilian awards in return.

The statement, recorded by ED on March 9 and 10, 2020, added that the sale was facilitated by senior Congress leader Murli Deora — a fact that has been previously reported.

It adds that a few weeks later after the purchase, senior Congress leader, the late Ahmed Patel, had appreciated his “good deed” and informed him that he (Kapoor) would be “duly considered” for a major civilian honour, and “possibly some non-political banking and finance assignments”.

This statement is part of a supplementary charge sheet filed by ED to the special Prevention of Money Laundering Act (PMLA) court in Mumbai in April 2022. HT has reviewed a copy of it. To be sure, both Deora and Patel have passed on and there is no way of verifying Kapoor’s statement.

Study More : https://www.hindustantimes.com/india-news/yes-bank-s-former-ceo-rana-kapoor-says-was-forced-to-buy-painting-from-priyanka-101650730887061.html

Naina Lal Kidwai resigns from Cipla board

The veteran banker noted that she has put in her papers to fulfil several other responsibilities and professional commitments

Drug major Cipla on Wednesday said Naina Lal Kidwai has resigned as independent director on its board, with effect from March 31, 2022.

In a letter shared by the Mumbai-based drug firm, the veteran banker noted that she has put in her papers to fulfil several other responsibilities and professional commitments.

"I further confirm that there is no other reason for my resignation as an independent director of the company other than as mentioned in this letter," Kidwai added.

Read More : https://www.business-standard.com/article/companies/naina-lal-kidwai-resigns-from-cipla-board-122012600818_1.html

Softbank India head Manoj Kohli's journey from 'Mr Dependable' to rainmaker

After a five-year stint as executive chairman of SB Energy, Manoj Kohli will be SoftBank boss Masayoshi Son's rainmaker

For telecom czar Sunil Mittal he was always “Mr Dependable,” whether the job involved expanding Airtel’s network in over 600,000 villages as its managing director or replicating the low-cost network model in over 17 countries of Africa after the takeover of Zain Telecom.

A balanced risk taker, he convinced Mittal to take the plunge in an uncharted area — renewable energy — setting up operations from scratch in SB Energy in collaboration with Japanese investor SoftBank.

Know More : https://www.business-standard.com/article/companies/softbank-india-head-manoj-kohli-s-journey-from-mr-dependable-to-rainmaker-120012301760_1.html