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Insight with Rahul Shivshankar: Frauds all around. Is your money safe ?
By NewsX Bureau
| Tuesday, March 8, 2016 - 23:50
First Published |
Tuesday, March 8, 2016 - 23:27
The CBI conducted raids at 10 locations across India in an alleged fraud at state-run syndicate bank that involves more than 1000 crore rupees. The move comes at a time when the banking system has come under question in the case of Vijay Mallya.
The alleged fraud includes the use of fake bills and providing overdraft limits against non-existent life insurance policies.