Bhushan Power and Steel Limited former CMD arrested by Enforcement Directorate
 

https://img.etimg.com/photo/72189043.cms?BPSL had devised a peculiar modus operandi to siphon funds obtained as loans from various banks/financial institutions,? the ED said. ?Singals did not use the bank funds for the purpose for which the same were sanctioned, committed forgery and falsified accounts, causing wrongful loss to the lending banks.?

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