Bank loan fraud: ED arrests 2 on money laundering charges in Hyderabad - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 15 January 2020

Bank loan fraud: ED arrests 2 on money laundering charges in Hyderabad

The case pertains to the accused fraudulently availing loans, in connivance with others, from a consortium of banks and subsequent default of loans to the tune of Rs 1,768 crore, ED said in a statement said. "Investigation so far has unearthed 33 shell companies and more than forty contractors in this case," the ED said.

from Banking/Finance-Industry-Economic Times
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