“On the basis of Forensic Audit Investigation findings and CBI filing FIR, on suo moto basis, against BhushanPower & Steel and its directors, alleging diversion of funds from the banking system, a fraud of Rs 238.30 crore is being reported by the bank to RBI,” the lender said in its BSE filing.
In the accounts of the company (BPSL), Bank has already made provisions amounting to Rs 189.35 crore, as per prescribed prudential norms, it added.
For more information on Stock Tips For Tomorrow Nifty Call Option
and quick free trial click here > 911 133 9000
Visit http://www.epicresearch.co
Sign up here with your email