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Wednesday 30 December 2020

Hyderabad-based co booked for Rs 4,837cr bank fraud

Hyderabad-based firm IVRCL along with its managing director (MD) and other executives have been charged by the CBI for an alleged fraud worth over Rs 4,800 crore against a consortium of banks. The agency has booked the firm for non-repayment of loans and cheating consortium of lenders.

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