CBI books Hyderabad-based firm, its MD for Rs 166-crore bank fraud

Initially, the company started participating in tenders of Rs 25 crore and gradually started getting orders from various state electricity boards. The company has been doing business with State Bank of India since 2006 with an initial credit limit of Rs seven crore, which was increased to Rs 243 crore within four years.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SikAgx