{"id":84945,"date":"2016-09-24T08:50:39","date_gmt":"2016-09-24T08:50:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=84945"},"modified":"2016-09-24T08:50:39","modified_gmt":"2016-09-24T08:50:39","slug":"banking-fraud","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/banking-fraud\/","title":{"rendered":"Banking Fraud"},"content":{"rendered":"<p>During 2007 to 2012 six PSU banks disbursed loans of about Rs 700 crores in fraudulent manner to a deceptive company Nafto Gaz India Pvt Ltd (NIPL) and after the company failed to repay the loan, the banks did not take any action for the recovery of their dues. No action has been taken so far even for the disposal of one (Arjun Nagar) of the only two tangible assets provided as collateral security: &#8211;<\/p>\n<p><a href=\"http:\/\/livemedia.press\/subscribe\/\" target=\"_blank\"><img decoding=\"async\" class=\" alignright\" src=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" alt=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During 2007 to 2012 six PSU banks disbursed loans of about Rs 700 crores in fraudulent manner to a deceptive company Nafto Gaz India Pvt Ltd (NIPL) and after the company failed to repay the loan, the banks did not take any action for the recovery of their dues. No action has been taken so far even for the disposal of one (Arjun Nagar) of the only two tangible assets provided as collateral security: &#8211;<\/p>\n","protected":false},"author":1,"featured_media":84946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119],"tags":[],"class_list":["post-84945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazinenews"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/84945","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=84945"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/84945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media\/84946"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=84945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=84945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=84945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}