Bankers held over Indian ‘scam’

breaking news

Police in the Indian city of Mumbai say that they have arrested eight people, including senior executives of top state banks, over a suspected scam.

They say that the alleged fraud involved bribes paid to secure large corporate loans.

Senior figures from the Bank of India, the Central Bank of India and the Punjab National Bank were arrested.

The Mumbai stock exchange recorded significant losses after the arrests were made public.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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