FIR against J&K Bank ex-chief, 23 others for Rs 1,100-crore fraud

According to an ACB release, officers of the bank’s Mahim branch in Mumbai and a branch in New Delhi allegedly sanctioned loans worth Rs 800 crore in favour of REI Agro based on “fake documents and in violation of the laid down banking procedure during the year 2011-2013’’.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/35R5pRb