https://www.taxtmi.com/news?id=73438 Concerns were raised over an alleged nexus between banks, asset reconstruction companies and borrowers in the settlement of stressed loans, with emphasis on misuse of public money and inadequate recovery efforts. A plea sought a probe into alleged banking frauds involving public sector banks, asset reconstruction companies and a Noida-based infrastructure firm, including diversion of loan funds through shell companies, non-existent vendors, undisclosed bank accounts and suspected fraudulent transactions. en-us Fri, 19 Jun 2026 17:46:03 +0530 Fri, 19 Jun 2026 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73438 Concerns were raised over an alleged nexus between banks, asset reconstruction companies and borrowers in the settlement of stressed loans, with emphasis on misuse of public money and inadequate recovery efforts. A plea sought a probe into alleged banking frauds involving public sector banks, asset reconstruction companies and a Noida-based infrastructure firm, including diversion of loan funds through shell companies, non-existent vendors, undisclosed bank accounts and suspected fraudulent transactions. News - Fri, 19 Jun 2026 17:46:03 +0530 https://www.taxtmi.com/news?id=73438