Citibank fraud case!
In the 1990s big corporates would borrow money from banks and lend it to smaller corporates. All of them played this game – Bajaj Auto, Tube Investments, Parle, Ranbaxy, etc. as lenders and smaller companies like Shaan Interwell, Indiana dairy, Sun Ceramics,….as borrowers. However the overall return that the lenders got could not have exceeded […]