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  1. www.indiatoday.in › business › storyBhushan Steel defrauded 33 banks, financial institutions in 7...

    Jan 18, 2020 · According to the ED, its investigation has revealed that all accused, including Sanjay Singal, diverted huge amount of funds out of loans taken by Bhushan Steel from 33 banks and financial institutions between 2007 and 2014.

  2. www.news18.com › business › how-neeraj-singhal-of-bhushan-steel-ltd-carried-outHow Neeraj Singhal Of Bhushan Steel Ltd Carried Out The ... -...

    Jun 12, 2023 · According to the ED, investigations revealed that the promoters, directors, and employees of Bhushan Steel Limited created fake documents, presented false information to banks to have Letters of Credit discounted, and routed money to their network of unreliable businesses.

  3. indianexpress.com › article › indiaED arrests 5, including former executives, in Rs 56,000-crore...

    Jan 13, 2024 · ED arrests 5, including former executives, in Rs 56,000-crore bank loan fraud case against erstwhile Bhushan Steel Limited. The ED initiated the investigation on the basis of the prosecution complaint filed by Serious Fraud Investigation Office (SFIO) against Bhushan Steel Limited.

  4. economictimes.indiatimes.com › industry › indl-goodsBhushan Steel bank 'fraud' case: ED arrests five persons...

    Jan 12, 2024 · The Enforcement Directorate Friday said it has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud linked money laundering case against erstwhile Bhushan Steel Ltd.

  5. www.livemint.com › news › indiaED arrests five people in bank loan ’fraud’ case against Bhushan ...

    Jan 12, 2024 · The Enforcement Directorate has arrested five persons in connection with an alleged ₹ 56,000 crore bank loan fraud linked money laundering case against erstwhile Bhushan Steel Ltd (BSL), news...

  6. enforcementdirectorate.gov.in › sites › defaultPress Release 12/1/2024

    Directorate of Enforcement (ED) has arrested 5 persons on 11-01-2024 under PMLA, 2002 in connection with the money laundering investigations against Bhushan Steel Limited related to Bank fraud of Rs 56,000 Crore.

  7. economictimes.indiatimes.com › industry › indl-goodsbhushan steel: ED arrests former MD of Bhushan Steel in bank...

    Jun 11, 2023 · Tata Steel took control of Bhushan Steel in May 2018 under insolvency proceedings after settling nearly two thirds or Rs 35,200 crore the steel company owed to banks. The Serious Fraud investigation Office (SFIO) in August 2018 had arrested Singhal charging him with ‘serious corporate fraud’.

  8. infra.economictimes.indiatimes.com › news › constructionBhushan Steel bank 'fraud' case: Delhi court grants bail to...

    Feb 15, 2024 · NEW DELHI: A Delhi court on Wednesday granted bail to an accused in an alleged over Rs 46,000-crore bank loan fraud linked money laundering case against the erstwhile Bhushan Steel Ltd ( BSL ).

  9. www.business-standard.com › india-news › ed-conducts-raids-on-erstwhile-bhushanED conducts raids on erstwhile Bhushan Steel in Rs 56,000 cr...

    Oct 16, 2023 · The Enforcement Directorate on Monday said it has conducted fresh searches against the promoters and entities of erstwhile Bhushan Steel Limited as part of a money laundering probe against them linked to an alleged Rs 56,000 crore bank fraud case.

  10. www.business-standard.com › companies › newsBhushan Steel bank case: ED nabs 5 persons for alleged Rs 56,000...

    Jan 12, 2024 · The Enforcement Directorate has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud linked money laundering case against erstwhile Bhushan Steel Ltd (BSL), official sources said Friday.