Another bank scam of 4 thousand crores exposed

New Delhi: Another bank scam has come to light in the country. Kolkata-based Corporate Power Limited has been accused of defrauding banks to the tune of Rs 4,000 crore and the CBI has registered cases against the directors of the company. The CBI raided 16 locations in Nagpur, Mumbai, Ranchi, Kolkata, Durgapur, Ghaziabad and Visakhapatnam two days ago. The company is accused of defrauding a group of 20 banks to the tune of Rs 4,370 crore. According to the CBI, the loan received from 2009 to 2013 was misused. The loan money was diverted elsewhere by opening dummy accounts in banks.

Leave a Reply

Your email address will not be published. Required fields are marked *