A stunning investigation by cobra post revealed a shady nexis between dear chefel's promoters and a number of shell companies. The bank had very few options left, they couldn't label these as bad loans any more. So the union bank of india complained to the c b i last year. But wait, what did the promoters do with the money? Well take for instance, an elaborate scheme called the bandra books. To perpetrate this gam, d h fel set up a dummy branch that existed only on paper. This apparently helped them fund their lavish life styles. And it also seems like some of this money found its way into the underworld and dreaded gangster chota sh
In today’s episode for 12th August 2022, we dive into what’s being touted as India’s biggest ever bank fraud.
Spoiler alert: It involves the underworld and helicopters!
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