Indian Lender Reports $258 Million Bank Fraud by Bhushan Power
A pylon tower carries electrical power lines (Photographer: Tomohiro Ohsumi/Bloomberg)

Indian Lender Reports $258 Million Bank Fraud by Bhushan Power

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(Bloomberg) -- India’s Allahabad Bank Ltd. disclosed financial fraud amounting to almost 18 billion rupees ($258 million) by Bhushan Power & Steel Ltd., becoming the second state-run lender in a we...
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