The restitution follows an order dated December 12, 2025, passed by the recovery officer of the The amount will be transferred to the official liquidator for disbursement to former employees of Kingfisher Airlines. The ED had initiated its investigation by registering multiple Enforcement Case Information Reports (ECIRs) based on FIRs filed by the Central Bureau of Investigation (CBI) against KAL, its promoter In a statement issued on Thursday, the ED said its investigation revealed that substantial port ...

On Wednesday, Manhattan federal prosecutors unsealed an indictment against two Tricolor executives. Founder Daniel Chu and COO David Goodgame were charged with "systematically defrauding" lenders. Tricolor's collapse left banks exposed to hundreds of millions in loan losses. By August 2025, top executives of auto lender Tricolor knew they were in trouble: The company had pledged approximately $2.2 billion of collateral to lenders and investors, but only had approximately $1.4 billion of real collat ...