Gang That Duped Government Banks

CBI on Wednesday claimed to have busted a racket of Indian Overseas Bank officials and businessmen who allegedly managed to siphon off Rs 321 crore of public money to a Hong Kong-based company using fake guarantee issued by the bank.

CBI on Wednesday claimed to have busted a racket of Indian Overseas Bank officials and businessmen who allegedly managed to siphon off Rs 321 crore of public money to a Hong Kong-based company using fake guarantee issued by the bank.