In February this year, the Enforcement Directorate (ED) had attached assets worth Rs 904 crore of DS Kulkarni Developers Ltd (DSKDL) and companies of DSK
Group in a case of cheating and syphoning of funds of investors under the Prevention of Money Laundering Act, 2002 (PMLA).
Bank and Expressbank will continue to operate as separate and independent legal entities under the jurisdiction of one owner a the regional leader in Central and Eastern Europe, OTP Group.
The RWN reflects Fitch's expectation of a multi-notch downgrade following the acquisition by DSK
, based on Fitch's view of the new ultimate parent's weaker ability, relative to SocGen, to provide support to Expressbank and its leasing subsidiary.
Rogers said: "I am very excited and proud about the prospect of working with DSK
At the launch event Shirish Kulkarni, Chairman, DSK
Motowheels said, "The country's superbike industry has has grown by leaps and bounds, giving us immense scope to tap this lucrative and increasing market.
A legal expert said: "It doesn't mean the trial is over, but DSK
's defence is now in a strong position."
Speaking to Khaleej Times on the sidelines of an exclusive DSK
property exhibition at Rayhaan by Rotana Hotel in Al Ghurair Centre, Kulkarni said the integrated township, would incorporate world class facilities very few builders in India had so far offered.
The affirmation of DSK
Bank's Ba1 deposit ratings is driven by Moody's view of a high probability of parental support, as well as a moderate probability of systemic support from the Bulgarian government.
The film is clearly based on the DSK
scandal, with Bisset playing Strauss-Kahn's billionaire wife Anne Sinclair.
19 May 2014 -- US money transfer company MoneyGram (NASDAQ: MGI) said it has teamed with Bulgaria-based DSK
Bank by launching the "Cash to ATM" service in that country.