Saturday 17 February 2018

PNB fraud: Banks may take more than $3 billion hit, says I-T dept

As of March 2017, banks had extended loans and guarantees worth Rs 11,400 crore to companies tied to billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the tax department said in a note seen by news agency Reuters.

from Times of India http://ift.tt/2ofwmc7
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