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KM Financial Solutions | India’s Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmaker
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India’s Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmaker

12 Jul India’s Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmaker

Posted at 15:24h in News by
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India’s Allahabad Bank
on Saturday became the second Indian state-owned bank
to report a major alleged fraud by bankrupt steelmaker Bhushan
Power & Steel Ltd this month, adding to concerns about a banking
industry burdened with bad debts.

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