New Delhi/Ranchi: The Central Bureau of Investigation (CBI) has registered an FIR against Bhushan Power and Steel Limited in a brank fraud case.
It was alleged that the company took a loan of Rs 47,2014 crore from 33 banks between 2007 to 2014, and defaulted on repayments.
According to the probe agency, the accused entered into a criminal conspiracy with unknown public servants of banks and others to cheat banks, financial institutions and the government exchequer.
Bhushan Steel co. was about to start a new plant at Jharkhand, but it failed.
CBI registers case against Bhushan Power for bank fraud
CBI has registered a FIR against Bhushan Power and Steel for bank fraud. The company was about to start a new plant but it failed.
CBI registers case against Bhushan Power for bank fraud
New Delhi/Ranchi: The Central Bureau of Investigation (CBI) has registered an FIR against Bhushan Power and Steel Limited in a brank fraud case.
It was alleged that the company took a loan of Rs 47,2014 crore from 33 banks between 2007 to 2014, and defaulted on repayments.
According to the probe agency, the accused entered into a criminal conspiracy with unknown public servants of banks and others to cheat banks, financial institutions and the government exchequer.
Bhushan Steel co. was about to start a new plant at Jharkhand, but it failed.
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