Defraud

Few Indian firms that become non-performing assets defraud three Indian banks of Rs 150 crore. IDBI Bank Ltd lost Rs 92.69 crore, Bank of Baroda lost Rs 49.23 crore, and HDFC Bank Rs 6.27 crore. Loans were given to Great Indian Nautanki Company Pvt. Ltd. Great Indian Tamasha Company Pvt. Ltd. is mentioned as the corporate guarantor. Wizcraft International Entertainment Pvt. Ltd. and S.G. Investments Pvt. Ltd. are also guarantors.