Gujarat based businessmen booked by CBI in bank loan default case
June 19, 2018
New Delhi: The Central Bureau of Investigation has on complaint of the Central Bank of India booked Gujarat-based Ardor International promoters Fenil B Shah and Bharat R Shah in Rs 82 crore bank loan fraud case. Shahs are accused of getting credit by showing inflated stock value, defaulting loans, diversion of fund and more. The company of Shahs which is mainly into detergent raw material supply has defaulted Rs 560 crore loans of eight banks.
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