How IDBI Bank let itself be duped by Siva firms
NEW DELHI: C Sivasankaran’s Siva Group of Companies, in connivance with IDBI Bank’s former CMD M S Raghavan, its former MD-CEO Kishor Kharat, then deputy MD Melwyn Rego and others availed two loans for the group’s offshore companies even though performance of one of the borrower companies showed “stress” and was eventually granted voluntary bankruptcy […]
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