{"id":282516,"date":"2019-07-16T06:34:11","date_gmt":"2019-07-16T06:34:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282516"},"modified":"2019-07-16T06:45:36","modified_gmt":"2019-07-16T06:45:36","slug":"bhushan-power-and-steel-fraud-widens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bhushan-power-and-steel-fraud-widens\/","title":{"rendered":"Bhushan Power and Steel fraud widens"},"content":{"rendered":"<p>After Punjab National Bank, state-run Allahabad Bank on Saturday reported a fraud of over Rs 1,774 crore by Bhushan Power and Steel (BPSL) to the Reserve Bank of India.<\/p>\n<p>Allahabad Bank in a regulatory filing said the fraud has been reported on the basis of forensic audit investigation findings and a CBI case against the company and its directors, alleging diversion of funds from banking system by BPSL.<\/p>\n<p>Last week, PNB had reported a fraud worth Rs 3,805.15 crore by the bankrupt steel company by misappropriating bank funds and manipulating its books of accounts. Around 85 per cent of PNB\u2019s Rs 4,399-crore exposure to the company had been siphoned off.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Punjab National Bank, state-run Allahabad Bank on Saturday reported a fraud of over Rs 1,774 crore by Bhushan Power and Steel (BPSL) to the Reserve Bank of India. Allahabad Bank in a regulatory filing said the fraud has been reported on the basis of forensic audit investigation findings and a CBI case against the company and its directors, alleging diversion of funds from banking system by BPSL. Last week, PNB had reported a fraud worth Rs 3,805.15 crore by the bankrupt steel company by misappropriating bank funds and manipulating its books of accounts. Around 85 per cent of PNB\u2019s [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-282516","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282516"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282516\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}