GTL Limited: Case Filed By CBI Against GTL Limited Directors Over Alleged Rs 4,500 Crore Fraud

According to the CBI, GTL Ltd. got loans by fraud from a bank consortium of about 24 lenders and subsequently siphoned off most of the loan amount in a conspiracy with vendors and some bank officials. Inquiries proved that GTL had been benefitting vendors year after year without supplies of materials and goods. Among banks, ...