CBI suspects a billions involved banking fraud on the disbursement by 27 banks to Zoom Developers.
The finance ministry is questioning the Punjab National Bank which is the lead banker involved with the Mumbai based Zoom Developers.
Around 27 Indian banks where most of them are public sector are said to be lent nearly Rs 2700 crores.
There are many reasons this could possibly turn out to be one of the largest banking scams in India. The investigation might go official soon.
As of now there is a complaint registered with Read more...
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