Allahabad Bank reports Rs 688-cr fraud by SEL Manufacturing

Notably, the lender on last Saturday reported a fraud of Rs 1,774.82 crore by Bhushan Power and Steel (BPSL), a week after Punjab National Bank had declared a fraud of Rs 3,805.15 crore by the same company for which JSW Steel is the highest bidder. 

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Lpw1So