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Lakshmi Vilas Bank Fraud Investigation by Janani Priya is a document available to read on EtoBox.
The Indian police have opened an investigation into the directors of Lakshmi Vilas Bank after a customer, Religare Finvest Ltd, accused them of misappropriating funds. Specifically, Religare Finvest alleges that Lakshmi Vilas Bank improperly granted a Rs.723-crore loan to former Fortis and Ranbaxy promoters Shivinder and Malvinder Singh using Religare Finvest deposits with the bank. The Economic Offences Wing has filed fraud charges against the Lakshmi Vilas Bank directors and the RBI has placed the bank un
- Author
- Janani Priya
- Language
- EN