PNB alleges Rs 3,800cr fraud by Bhushan Steel ...Middle East

Punjab National Bank on Saturday reported a fraud of over Rs 3,800 cr by Bhushan Power and Steel. The exposure of Rs 3,800 cr includes domestic exposure of Rs 3,200 at its Chandigarh branch, overseas exposure of Rs 345 cr at the bank's Dubai branch and Rs 268 cr at its Hong Kong branch. The companies are facing investigations after their failure to repay loans.

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