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How Anil Ambani's Firms Have Escaped Consequences Of The 'Fraud' Tag
Have banks followed through on necessary action after classifying Anil Ambani's group firms as fraud?
02 Mar 2022, 11:35 AM IST
ABG Shipyard Ltd.'s Rishi Agarwal, Bhushan Power and Steel Ltd.'s Sanjay Singhal, Videocon Group's Venugopal Dhoot and Kingfisher Airlines' Vijay Mallya all faced consequences when bank loans given to their companies went bad. These consequences went well beyond the 'bad loan' tag and extended to investigative agencies looking into allegations of fraud and the role promoters played in the loan defaults.One group that has managed to e...
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