SREI crisis: Administrator finds fraudulent transactions worth ₹3,025 cr
Loans worth ₹2,512.06 crore were connected to these fraudulent transactions, which caused a notional loss worth ₹513.67 crore, says transaction auditor's report.
Loans worth ₹2,512.06 crore were connected to these fraudulent transactions, which caused a notional loss worth ₹513.67 crore, says transaction auditor's report.
From a peak of 1,400 stores, Future group is now left with around 550 stores. Of these, 70% are shut because of lack of stocks.
The lender’s move to seek insolvency proceedings against the embattled retailer is likely to affect its ₹24,713 crore asset sale deal with Reliance Industries.