Home Business Karnataka Bank reports fraud worth Rs 86.5-cr loans extended to Gitanjali Gems

Karnataka Bank reports fraud worth Rs 86.5-cr loans extended to Gitanjali Gems

By
Lucky Jain
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451
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(G.N.S) Dt. 29 Bengaluru Privately-run Karnataka Bank Ltd has informed the Reserve Bank of India (RBI) that Gitanjali Gems of scam-hit Mehul Choksi had committed a Rs 86.5 crore fraud in the fund-based working capital. “We have reported a fraud to the RBI amounting to Rs 86.47 crore in the

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