Ex-Srei promoters committed over 2,400cr loan fraud: PNB

Punjab National Bank has reported a loan fraud of Rs 2,434 crore by the former promoters of Srei Infrastructure Finance and Srei Equipment Finance. This action follows the RBI's insolvency order four years ago and could prompt investigations by agencies like the CBI and ED into the alleged misuse of funds.

Ex-Srei promoters committed over 2,400cr loan fraud: PNB
Punjab National Bank has reported a loan fraud of Rs 2,434 crore by the former promoters of Srei Infrastructure Finance and Srei Equipment Finance. This action follows the RBI's insolvency order four years ago and could prompt investigations by agencies like the CBI and ED into the alleged misuse of funds.