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Economy

Probing role of government officials for bribery in Sterling group bank loan fraud, says ED

Updated : October 24, 2018 06:14 AM IST

The agency said the investigation in this aspect is under process as it filed a fresh charge sheet in the case of Vadodara-based Sterling Biotech group before a special court here.
The central agency said its probe in the case has "revealed that the loan funds were diverted for non-mandated purposes to shell companies and were withdrawn as cash.
Probing role of government officials for bribery in Sterling group bank loan fraud, says ED
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