Mandhana Industries promoter diverted loans for personal benefit: ED charge sheet – ET Retail
Purushottam Mandhana, promoter of Mandhana Industries, used business loans for personal benefit and caused a loss of Rs 975 crore to a Bank of Baroda-led consortium of lenders, the Enforcement Directorate has said in its charge sheet. Observing that there was a prima facie case against Mandhana and others, a special court for Prevention of…