Basmati rice exporter fleds country with Rs 400 crore unpaid loans from SBI, Bank approaches CBI
Shortpedia
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In a fresh case of bank fraud, owners of a Basmati rice export company fled the country with over Rs 400 crore in unpaid loans borrowed from the State Bank of India (SBI). The owners of Delhi-based Basmati rice exporter Ram Dev International Limited, investigated by the CBI for allegedly defaulting on loans from six banks, have been missing since 2016. The company was classified as a non-performing asset in 2016.
