Irresponsible Media
Our Media is hiding main news
Our Media is only showing Cricket World Cup , Here Punjab National Bank Hit by another big Scan this year too.
Punjab National Bank has reported a ?3,800 crore loan fraud by Bhushan Power & Steel, involving the lender’s Chandigarh, Dubai and Hong Kong branches. A forensic audit revealed diversion of funds and manipulation of books of accounts, the state-run bank said. PNB has made a provision of more than ?1,930 crore, but that may not be enough: Bhushan Power is insolvent and is being acquired by JSW Steel at a 60% haircut to lenders. PNB has been in the eye of a storm ever since it reported the ?12,600 crore Nirav Modi scam last year.
Shameless Indian Media
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Chairman - Observer Global Media Group; Founder - Commonwealth Thought Leaders Forum; CEO - Golden Signatures;
5 年And LinkedIn news comes from mainstream media.
Chairman - Observer Global Media Group; Founder - Commonwealth Thought Leaders Forum; CEO - Golden Signatures;
5 年How did you come to know about the ?3,800 crore loan fraud by Bhushan Power & Steel my dear friend?