Amtek Group

Bank fraud: SC grants bail to Amtek Group ex-chairperson in ED case

The Supreme Court on Tuesday granted bail to former Amtek Group chairperson Arvind Dham in a money laundering case related to Rs 27,000 crore bank fraud. A bench of Justices Sanjay Kumar and Alok Aradhe set aside a Delhi High Court order which had denied bail to him. Justice Aradhe, who was sitting in a bench led by Justice PS Narasimha, pronounced the verdict, saying the court has allowed the appeal of Dham in the case. The Delhi High Court had denied bail to Dham on August 19 last year, saying premature release could risk undermining efforts to secure accountability. "With the advancement of technology and Artificial Intelligence, economic offences such as money laundering have emerged as a serious threat to the financial system of the country. These offences pose a significant challenge for investigating agencies, given the complex and intricate nature of the transactions and the involvement of multiple actors," the high court had said. The high court added that a meticulous an

ED arrests Amtek's Arvind Dham in Rs 25,000 crore bank 'fraud' case

The move follows searches conducted by the agency last month at around 35 locations in Delhi-NCR, Mumbai, and Nagpur as part of its money laundering probe

Congress demands CBI probe into Amtek group insolvency

Congress leader Sanjay Nirupam said the government must order a probe into the findings of Ernst and Young's audit report into the insolvency of Amtek Auto.

Two years later, Amtek Auto readies for its second resolution process

Three of Amtek group companies, including Castex Technologies, Amtek Ring Gears and Metalyst Forgings are each undergoing separate insolvency resolution process

Amtek Group extend gains as Liberty House Group emerges preferred bidder

Amtek Auto (Rs 24.95), Metalyst Forgings (Rs 30.50), JMT Auto (Rs 4.96) and Castex Technologies (Rs 4.57) have locked in upper circuit of 5% on the BSE.

Amtek Group shares gain amid talk of stake sale buzz

Amtek Auto, Castex Technologies and Metalyst Forgings were up in the range of 10% to 20%.

Amtek Group shares hit 52-week low

Amtek Auto, Metalyst Forgings and Castex Technologies were down upto 20% in intra-day trade.