SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Markets News

The Economic Times News

Markets / The Economic Times

details

Claims lack consistency and context, says Arul Selvan D on Chola allegations

Cholamandalam Investment and Finance Company (Chola) has refuted allegations of financial impropriety, asserting that all past transactions adhered to prevailing laws and regulatory frameworks. Management clarified that disclosures and fund diversions, including insurance transactions and payments to family members, were conducted with business rationale and proper approvals, emphasizing that current norms should not be retroactively applied.

24 Dec 2025 1:37 pm